An overwhelming majority passed the motion, with 4.3 billion in favor and just 67.5 million against.

Despite the decision already been made, some MM02 staff are continuing to protest against the demerger. They doubt that MM02 can survive on its own in current market conditions and believe the demerger would effectively be a death sentence for the company.

BT has denied that it is in talks with anyone wishing to take over the company. However, it may not be long before the relatively debt free 3G license holder is snapped up. Spanish operator, Telefonica, is emerging as the favorite to take over the company.