BT and Starlink have announced what they describe as a “landmark agreement” which will bring Starlink’s satellite connectivity to BT and EE consumer broadband customers, complementing BT Group’s fibre and mobile networks to ensure no community is left behind in the digital age. The collaboration – a first in the UK and one of the […]
Allison Kirkby, BT Chief Executive, commenting on the telco’s first quarter results said: “BT has had a solid start to the year, with our full fibre broadband now reaching more than 19 million homes and businesses and our 5G network available to over 87 per cent of the UK population. We’re seeing strong customer demand […]
BT has reported full year revenues (to March 31st) of £20.4 billion (€24.2bn), down 2 per cent, mainly attributed to continued challenging trading conditions in Global and non-UK Portfolio channels and weaker handset trading in Consumer, offsetting the benefit of FTTP growth in Openreach and price increases. Adjusted UK service revenue was at £15.6 billion, […]
BT Group has reported Q3 Adjusted revenue of £5.2 billion (€6.2bn), down 3 per cent year-on-year mainly attributed to continued challenging non-UK trading conditions in its Global and Portfolio channels and weaker handset trading in Consumer, offsetting the impact of FTTP growth in Openreach and price increases. Allison Kirkby, Chief Executive, commenting on the results, […]
BT has reported H1 2024 revenue of £10.1 billion (€12.1bn), down 3 per cent mainly attributed to challenging conditions in Business, principally driven by non-UK trading in its Global and Portfolio channels. In the rest of the Group, lower CPI benefit and continued competitive markets in Consumer were broadly offset by growth in Openreach due […]
BT Group has announced changes to its Strategy and Change and Digital units. Tom Meakin, who joined BT Group in April as interim Chief Strategy and Change Officer, will be appointed to the role permanently from November 1st. Meakin joined from McKinsey & Company where he was a senior partner leading its Consumer Tech and […]
UK comms regulator Ofcom has published its latest monitoring report on digital infrastructure provider Openreach’s independence. Since 2018, Openreach has been legally separated from BT and Ofcom has imposed rules on the company designed to support competition and investment in faster networks. In that time, availability of full-fibre broadband in the UK has increased from […]
BT has reported adjusted Q1 revenue of £5.1 billion (€6bn), down 2 per cent on Q1 FY24 attributed to legacy managed contract declines, reduced low margin sales activity and contraction in the portfolio unit within Business, and the continued shift to mobile SIM only and a lower CPI benefit in a competitive market in Consumer. […]
Mexican billionaire businessman Carlos Slim has taken a 3.16 per cent stake in BT, Britain’s biggest telco, according to a stock market filing, in a boost to the company’s new chief executive Allison Kirkby. The stake bought by Slim, whose family controls US telco giant America Movil, has a market value in excess of £400 […]
BT has issued a trading update for the nine months to December 31st 2023. Allison Kirkby, Chief Executive, commenting on the telco’s Q4, said: “BT Group has delivered another quarter of revenue and EBITDA growth, while rapidly building and upgrading customers to our full-fibre broadband and 5G networks, and we continue to be on track […]