ALEX BRUMMER: BT dials up the changes

By Alex Brummer7 days ago

The notion that it makes commercial sense for telecoms providers to control proprietary information and entertainment content has been around for two decades.

Many transactions and deals in the sector have proved a step too far.

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The apotheosis was the celebrated 255billion mega-merger between internet pioneer AOL and Time Warner two decades ago.

It proved a ghastly failure, with the companies burning up huge amounts of goodwill before spinning off in all directions.

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In Britain, BT has decided that the 5billion or so it has spent on football rights is not the best of investments, and chief executive Philip Jansen wants more focus on delivering fibre for UK broadband users.

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