BT’s 2001 Real Estate Gamble Comes Back to Haunt Its Copper Shutdown
Back in 2001, BT sold thousands of telephone exchanges for £2.3bn in a 30-year leaseback deal to tackle its £30bn debt. With that lease expiring in 2031 and the copper network shutting down, BT now faces a stark ultimatum: vacate the sites completely or commit to new decade-long leases at today’s sk