TELECOMS group BT dragged the
BT's shares dropped 2.4 per cent, the biggest individual faller on the
"An underlying deterioration of up to £2bn would be reasonable to assume in our view," said Citibank analyst
The last probe of BT's pension fund revealed a deficit of £4.1bn, which resulted in BT making a £2bn lump sum payment and annual top-ups of £325m. A larger deficit could weigh on BT's ongoing investment plans in sport television content.
A BT spokesperson said: "The next BT Pension Scheme triennial actuarial funding valuation will be conducted as at
Ofcom is also expected to announce its proposals for the regulation on wholesale pricing for fibre broadband, which could erode BT's margins on wholesale fibre that it sells to Sky and
MARKET REPORT: Page 17 .
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