I think the worry for investors is that they can't see an end to this process. They see that the level of debt has risen and risen yet BT seems not to be doing anything about it.
It's as good a result as they could have expected. More than 17 percent of BT was in the hands of private investors who typically don't all subscribe to rights issues.
It's as good a result as they could have expected, ... More than 17 percent of BT was in the hands of private investors who typically don't all subscribe to rights issues.