A study of the rheology of a new poly(2,2′‐dioxybiphenyl)phosphazene is presented. The results are conditioned by a two‐phase morphology and by the anisotropy of the melt, observed by microscopy in the range 200–320°C. Two temperature regions are distinguished: the range 260–320°C is characterized by the presence of a plateau zone (with G′ > G″) at intermediate frequencies, which is not detected at the range 220–260°C. The origin of this plateau is discussed. The typical rheological behavior of thermotropics, like three regions for the viscosity function and concentric “marble‐like” surface texture, is observed in plate‐plate flow, but not in extrusion flow.