By Kate Hanaghan, 19 November 2001 11:40
NEWS The share price of BT's demerged mobile business mmO2 moved little this morning despite large volumes of trading while BT itself took a real hammering following the departure of its wireless arm. The business, which includes O2, formerly BT Cellnet, opened at 78p and by mid-morning was up just a penny. Meanwhile, shares in the rest of BT lost more than 17.5 per cent by mid morning. Over 90 per cent of BT investors voted in favour of the demerger with an emphatic recommendation to do so from BT chairman Sir Christopher Bland. Bland told investors back in October: "I certainly will [quit] if our proposals do not deliver shareholder value... I'll be off - you won't have to ask me to go - I'll be off."
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