BT says pension deficit 'insulated' it from acquisition threats

Stephanie Baxter
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The size of BT's defined benefit pension deficit helped save the telecoms giant from being acquired, according to chief financial officer Tony Chanmugam.

Speaking to Financial Director - published by PP's owner, Incisive Media - Chanmugam said the deficit was the "only good thing" going for the company when it became an acquisition target as it face...

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