Fibre advancing ‘like fury’ but will £5bn infrastructure spend turn round BT’s share price woes? February 2, 2023 BT reported a solid third quarter of the year in a statement to markets this morning, with boss Philip Jansen hailing a “transforming” firm. Revenue in the three quarters to the end of December crept up to £15.6bn, a small fall on last year which the firm put down to inflationary headwinds and legacy product [...]
Smartphones are the new laptops with 60 per cent of UK firms now mobile only – BT January 16, 2023 Almost 60 per cent of business owners now rely solely on using mobile phones to run their operations, telecoms giant BT has revealed. The investigation by BT business showed more than half of entrepreneurs have embraced flexible working, and use mobiles rather than laptops or desktops. According to BT 59 per cent of British business [...]
BT: Telecoms giant enters the drone market in £5m deal January 4, 2023 BT, Britain’s telecoms giant has entered the automated drone business. Earlier today, Etc., the incubation team in BT Group’s Digital unit announced that it was entering a £5m deal with Altitude Angel. Altitude Angel is a Reading based technology provider and the deal is supposed to scale up UK’s automated flying infrastructure. The two businesses [...]
Vodafone CEO frontrunner critical of telecoms sector January 2, 2023 Vodafone’s former non-executive director and ex-EE chief has publicly criticised the bureaucracy of European telecoms. Olaf Swantee, a Dutch businessman and key figure in the continent’s telecom sector has stated that the sector’s biggest companies are too complex and centralised. He stated that the sector needs to listen to customers. Swantee is rumoured to be [...]
BT to merge global and business units into one firm with earning potential of £8.5bn December 16, 2022 BT is combining two of its units into a single business which will have a revenue of about £8.5bn a year. The telecoms giant will merge its Global and Enterprise wings into a one organisation called BT Business, focusing on B2B relations. BT Enterprise has a market share of 30 per cent, providing firms and [...]
Rivals raise eyebrows over BT’s Openreach price cuts December 14, 2022 BT’s Openreach has said it plans to offer cheaper rates to its wholesale clients like Sky and TalkTalk as it tries to push Brits from copper to full fibre. The move will benefit big internet providers that do not have their own fibre networks, but has raised eyebrows amongst the firm’s biggest rivals. The main [...]
BT reaches pay agreement with union after months of strikes November 28, 2022 BT has reached an agreement with the Communication Workers Union (CWU) over pay after months of negotiation. The union confirmed the news this afternoon, stating that the total package includes pay permanently increasing by £3000 from 1 April, with a further review from 1 September 2023 to “allow for further negotiations to resolve pay, grading [...]
BT eyes unit merger in bid to cut costs November 27, 2022 BT is gearing up to to merge two of its struggling divisions as the telecom giant continues its big squeeze. As first reported by The Telegraph, the FTSE 100 firm is set to combine its Global Services division, which provides security and cloud computing services, with its Enterprise unit, which serves business and government customers [...]
Openreach scales back UK ultrafast fibre broadband November 23, 2022 Openreach is to limit its investment in the rollout of ultrafast fibre broadband as BT pushes forward with an intense cost-cutting scheme. The telecom giant’s networking division has contacted suppliers to say it would build the network “narrower and deeper” and tighten timeframes, according to a letter seen by the Financial Times. “This will by [...]
BT hikes cost savings target as profits dip amid inflation and strike action November 3, 2022 BT confirmed it would be upping its cost savings target from by £500m this morning, as the UK’s biggest telecoms firm fends off inflationary pressure. In its half year results, the FTSE 100 company said profit before tax hit £800m, down 18 per cent on the previous year. Although revenue climbed a humble one per [...]