Smart operator

BT has a reputation for pulling the wool over regulators’ eyes. And the company’s investors seem to think it may have got the better of Ofcom in the new UK telecoms watchdog’s battle to prise open its dominant market position. After all, what happened when Ofcom published its proposals? The stock went sharply higher. True, BT hasn’t got everything its own way. It has made concessions. To persuade the regulator that it is committed to opening up its network to rivals, BT has agreed to hive off i...