Attention metal thieves: Buy BT, get 75 MILLION miles of copper [telecom]

From The Register, via the Cybertelecom-L list:

Telco is worth less than its expensive assets

By Tim Worstall

*Analysis* British Telecom is, as a telecoms company, worth minus £30bn. Yes, that's a negative number there. And yet it is literally sitting on top of billions in assets.

It all starts with this point made in relation to cable theft:

BT's network relies on more than 75 million miles of copper cable

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Bill Horne
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