BT Deals & M&A
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M&ARetelit weighs Italian data centre divestment — report
Italian digital infra player reportedly in early stage talks to offload €700m data centre portfolio to pay off debt, amidst increased interest from investors in European data centre assets…
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M&AIndra salvages former BT drone investment Altitude Angel
Spanish defence group buys drone traffic management platform from Altitude Angel, following the provider’s fall into administration, with aim to strengthen UK presence and aerospace portfolio…
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Analyst BriefingBTwatch: pulling back stateside to sharpen B2B focus
Analyst Briefing: the Group’s overseas B2B rethink claims another victim as BT Federal gets sold off; a wave of senior leadership shifts to close out 2025; and BT reflects on MPN successes, looks forward to quantum’s move from theory to reality, and tees up XGS-PON testing for next-gen networks…
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M&AFederal becomes latest unit to go in BT’s international retreat
The Group continues CEO Allison Kirkby’s business-to-business rationalisation push by offloading US government contracting subsidiary, but touts plans to retain a “strong presence” in the country.
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Financial & PerformanceGuidance: modest FY to give way for BT’s ambitious 2030 vision
Q2/H1 FY25–26: lack of ambition in FY targets ensures BT remains on track, but end-of-decade goals require transformation acceleration, and soon…
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Financial & PerformanceSpend: BT leaning on AI, job cuts to fuel cost-savings agenda
Q2/H1 FY25–26: cost-cutting agenda running ahead of schedule, and more momentum could be added as AI is deployed more widely and new Chief Digital Officer Peter Leukert gets his hands dirty. Headcount cuts are another major earnings driver as Business and Openreach shrink back…
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Financial & PerformanceAfter nine years of decline, BT now stands at B2B turnaround ‘start line’
Q2 FY25–26: CEO heralds a reshaping, fully-focused BT Business now beginning its turnaround, nearly a decade after the Group last posted enterprise revenue growth. With International carved out, and several assets offloaded, greater scrutiny should be expected of what is left…
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Financial & PerformanceBT CEO snubs fibre M&A, doubling down on Openreach organic growth — despite accelerating line losses
Q2 FY25–26: Allison Kirkby showed little enthusiasm at thought of mopping up fibre altnets as part of much-anticipated consolidation, instead insisting Openreach is best focused on its own game, and set up to beat any incursion — notwithstanding line losses accelerating alarmingly…
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Strategy & ChangeIndian magnate joins BT board to give long-term investor Bharti a voice at the top
BT Group’s largest shareholder Bharti Enterprises firms up relationship to secure two boardroom seats.
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M&ARadianz becomes latest unit to go in BT’s international retreat
Emblem of BT’s turn of the century global ambitions to be offloaded to TNS as group pursues UK-focused strategy.
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PeoplewatchBT Ireland swaps leadership to begin ‘next phase’
Carol Connolly to take over from Shay Walsh to lead BT’s in-transition Irish business.
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M&ABT said to explore TalkTalk takeover to fend off further customer losses
BT reportedly mulling opportunistic acquisition of financially and operationally challenged TalkTalk, which could help with shoring up defences against fibre altnets and competing in the low-cost broadband sphere. Includes fibre wholesale, copper shutdown, exchange consolidation intrigue…
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Financial & PerformanceBT holds off on international B2B sale until division proves its worth
FY24–25: BT Group CEO Allison Kirkby says carved-out BT International must show its value, with ‘runway’ needed for Global Fabric to do the same, ahead of a prospective offload. UK M&A remains on the cards too as BT looks to capitalise on SMB opportunity…
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Strategy & ChangeBT to carve out International in next step of B2B grand plan — report
Reports cite an internal memo that tees up a spin-off of overseas B2B, headed by Bas Burger, as Group CEO Allison Kirkby puts her foot down on UK retrenchment aspirations.
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M&ABT firms up Italian unit sale to Retelit
Group pens preliminary deal to sell off what remains of BT Italia, but reassures stakeholders that it will “maintain a strong presence” in the country post-transaction. Move continues operator’s international pare-back, provided regulators give it the green light…
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M&ABT kicks off exclusive talks for Italy exit — report
Asterion-backed Retelit reportedly last bidder standing for BT Italia acquisition as BT continues effort to sell off international assets and focus on a domestic B2B turnaround…
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M&ABT said to explore international options with AT&T, Orange
BT has confirmed it is in early talks with third-parties over a “range of possibilities” for its unloved international assets, with AT&T and Orange reportedly among businesses in early discussions.
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M&ABT kicks off talks to exit TNT Sports venture — report
Group reportedly at early stages of discussions to offload 50% stake in venture to Warner Bros. Discovery. Move previously hinted at by BT chief Allison Kirkby, as part of strategy to remove non-core distractions from the operator…
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M&ABT offloads Irish B2B unit to Cordiant’s Speed Fibre
BT strikes deal with investment group to sell enterprise and wholesale units to Speed Fibre, with completion expected later this year. Move advances CEO Allison Kirkby’s agenda to pare back BT’s international presence, following earlier news of Irish data centre sale…
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M&ABT Ireland grabs Cordiant’s attention for infra, wholesale sell-off — report
Operator reportedly looking to firm up sale of infrastructure and wholesale business units “in the coming weeks”, advancing Kirkby’s ‘asset-light’ strategy following recent sale of Irish data centres…