They both needed a massive Modernisation program , & any profits made went into The Goverments " Coffers " instead of being spent on modernisationTman wrote:It might have been said, but it was nonsense. RM made big profits for many years after BT was split and sold off in the early 1980s.
BT needed a massive and expensive modernisation programme which privatisation (for better or worse) financed.
If anything, prior to the split, the archaic phone side was subsidised by the letter and parcel side.
Thats why there now trying to play catch up with the competition