“The distinction between wired and wireless networks will disappear; in 10 years, we won’t talk about ‘wireless’ and ‘cable’ networks… there will simply be ‘the network.” This was the prediction in a recent research note from analysts at MoffettNathanson, and it neatly sums up the key drift of the industry – towards convergence and multiplay, and towards wireline players like cablecos eating some of the value the MNOs once had to themselves. These trends explain many of the dramatic developments which have overtaken UK incumbent BT – its acquisition of mobile operator EE, its aggressive moves into pay-TV, and its current disputes with regulators and competitors over its OpenReach wholesale broadband activity. BT narrowly escaped being forced to spin off…