Oftel must wait its turn as BT3 public offer closes
(Photograph omitted)
BT's response to proposals by its watchdog, Oftel, on the future of its operations will be delayed until after the pounds 5bn sale of government-owned shares. BT, asked to publish separate accounts for different parts of its business by tomorrow, has been given a week's grace. After yesterday's closing of the offer to private investors, which attracted 1.4 million applications, institutions will bid for shares until 5pm on Friday Photograph: Edward Webb
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