BT Still Seeks Voluntary Settlement With Ofcom About Openreach

BT continues to seek a voluntary settlement with U.K. telecom regulator Ofcom, a company spokesman emailed Wednesday. Earlier this week, Ofcom said it will require the legal separation of Openreach from BT due to competitive concerns (see 1611290027). “We put forward proposals in July that we believe are fair and sustainable, and that meet Ofcom’s objectives without disproportionate costs,” the BT spokesman said. “We are implementing these proposals, and have just appointed Mike McTighe to be the first chairman of Openreach. We are in discussions with Ofcom on two outstanding issues, the reporting line of the Openreach CEO and the form of legal incorporation.”