One of the most important aspects of the BT-Ofcom deal to legally separate Openreach will be new insights into Openreach's accounts and the extent of its financial contribution to BT's overall Group figures, believes Adept Telecom CEO Ian Fishwick (pictured).
"The key issue is that Openreach never had its own set of accounts because it wasn't a separate legal entity," stated Fishwick.
"Now there will be a clear set of financial results that show the profitability and cashflow generated by Openreach.
"In the last half year it was estimated that Openreach generated about 60% of all of BT's cash. This is important because many in the industry want to understand whether Openreach's cash was being used to upgrade UK infrastructure or pay for sports rights for events such as The Champion's League."