British Telecom's bankers look set to bring in whopping fees on the back of the UK-based telecom's ambitous plans to float as many as four of its businesses by the end of next year.

Cazenove, BT's broker, and Rothschild, the company's financial adviser, along with Morgan Stanley Dean Witter and ABN Amro Rothschild - which have already been named as arrangers on one of BT's forthcoming IPOs - could share a fee harvest from BT running into hundreds of millions of pounds during the course of 2001.