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Does Openreach have its own capital budget and autonomy over the investments it makes?

April 26, 2017autonomy budget Capital investments openreach

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Does Openreach have its own capital budget and autonomy over the investments it makes?

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Openreach has an annual operating plan which it agrees with the BT Group CEO. The CEO of Openreach has delegated authority from the BT Group plc Board to authorise capital expenditure up to a certain limit within that annual operating plan.