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if LLU didn't exist then I suspect they would have attempted to takeover BT instead of LLU company.
I might have dreamt this, but I seem to remember many years such a discussion being quashed by the, then, Monopolies & Mergers Comission - but I'm really not sure.
BSkyB have splashed out £211 million to buy Easynet, which puts them into direct competition with NTL as they will be able to offer TV, phone and broadband.