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 […]
BT Group has appointed Allison Kirkby as its next Chief Executive, taking over from Philip Jansen in January 2024. Kirkby has been a non-exec director of BT since 2019. Kirkby has served as President & CEO of Telia Company since early 2020. Telia, headquartered in Sweden, is the market leading digital communications and telecommunications provider […]