BT’s Italian scandal heats up but pension deficit is the real danger

Markets have reacted badly to BT Group’s Italian fiasco, but in fact shareholders should be wary of its ballooning pension deficit. Ketan Patel, fund manager at EdenTree talks to Portfolio Adviser, telling the publication that the BT fiasco could be another unnecessary headwind to the telecoms company, but the pension deficit could be the real issue, as the deficit is close to £20bn.