BT's boss has hit back at a report by U.K. lawmakers suggesting the company should be forced to sell off its network and broadband infrastructure business, Openreach, saying the move could create "huge instability".
Openreach is a BT subsidiary that owns the cables connecting people to the internet. Other telecoms operators and broadband providers need to use this infrastructure.
Last month, a report backed by 121 cross-party members of parliament said that, despite £1.7 billion ($2.42 billion) of taxpayers' money pumped into the construction of high-speed broadband, 5.7 million people across Britain cannot access 10 megabits per second internet speeds, a target required by the telecoms regulator Ofcom.
The lawmakers suggested that BT be forced to sell Openreach to boost competition. But Gavin Patterson, the chief executive of BT slammed the suggestion.
"The U.K. is an internet economy, it's the strongest internet economy in the world…so it's important that we get the right infrastructure, and I think we've had that," Patterson told CNBC Monday.
"We've put forward a basket of measures and I think Ofcom need to consider that against the risk of separation which will create huge instability problems across the whole of the market."