BT Financial & Performance
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Financial & PerformanceBudget 2021: BT benefits but won’t move investment dial
Chancellor Sunak eyes investment‑backed build‑back. Short term tax break to bolster BT infrastructure expansion. However, gains will be “ offset in later years ”, and no movement on BT’s number one priority — business rates relief.
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Strategy & Change
Elsewhere in BT Group: BT Sourced gets hiring
New procurement team hiring; revamp of Plymouth office by 2022; BT hoping to go greener through PPAs .
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Financial & Performance
BT Enterprise Q3 FY20–21 — down but not yet out
Enterprise continues struggle.
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Financial & Performance
Openreach Q3 FY20–21 — what disruption?
Business as nearly normal at Openreach.
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Financial & Performance
BT Global Q3 FY20–21 — still hitting the hard numbers
Global benefits from past surgery.
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Financial & Performance
BT Q3 FY20–21 results: gone today, (hopefully) here tomorrow
Nobody obviously interested in Q3, but shares down sharply. Calendar of optimism around pandemic bounce back and fresh starts. Jansen despairingly concedes transformation will take at least five years. BT doing best to railroad Ofcom on fibre-critical WFTMR.
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Strategy & Change
BT slims down in Brussels: report
Reports emerge that BT Global Services Belgium is planning to cut its staff by 25%. Market changes and COVID‑19 impact cited as key drivers. Asset‑light strategy apparently reaching Belgian shores.
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Innovation (R&D)
BT’s Pelipod stashes smart-locker growth
2016 logistics acquisition reports strong top-line increase but remains loss-making. Investment continuing to focus on development of its IoT-enabled boxes. Report follows mid‑2020 takeover by BT’s Procurement department.
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Financial & Performance
BT Enterprise dials down on B2B costs
BT Enterprise flags more cost-cutting measures are being implemented as COVID‑19 disruption adds to the broader challenges it faces in the digital era. As ever, partner and supplier consolidation and change is part of the plan. CEO Jansen presents enterprise 5G as bright spot amid ...
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Financial & Performance
BT Group Q2 FY20–21
Revenue and profit keep falling in pandemic. COVID‑19 creates noise and uncertainty, but BT is pushing its transformation story, asking for patience as stakeholders get twitchy. Openreach a lone bright spot, although Global may be benefitting from long‑term recovery strategy. An improved earnings forecast at ...
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Financial & Performance
BT spend: opex coming down, capex still building to peak
Simplified systems are bringing efficiency but lower trading giving an unwanted helping hand. Capex rising, but a sharp decline is anticipated with copper switch‑off.
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Financial & Performance
BT guidance: EBITDA recovery on horizon, sales rise fainter
Two more years of revenue decline ahead, but EBITDA improving and underpinning investment plans.
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Financial & Performance
Margins slip as BT Consumer pursues quality
Another tough COVID‑19 ‑impacted quarter but management playing the long game, with a focus on premium services. Network investment continuing as division seeks an uplift from next‑generation platforms. BT reputation improving, but weaknesses remain outside core products, necessitating dual‑brand approach. Commercial partnerships remain a key strategic ...
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Financial & Performance
Openreach fibre thrives but volume deal prospects fade
A strong quarter and half-year for the access services business demonstrates building momentum for fibre services in the face of the pandemic. Anticipated long‑term volume deals may not materialise, but associated competitive pressure may help BT arguments on the need for a ‘fair bet’ from Ofcom.
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Financial & Performance
BT Global braces for more COVID‑19 headwinds
Precipitous revenue declines continue for Global as pandemic makes its presence felt, but mitigation measures and ongoing transformation ease the pain on profit levels. Growing underlying strength of division offers hope beyond an anticipated tough second half.
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Network & Infrastructure
Lowth downplays tower monetisation benefits
BT is continuing to buck the trend of creating TowerCos as it continues to value control over infrastructure assets.
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Financial & Performance
BT cash to take a hit on Brexit and Huexit stockpiling
An improved earnings forecast at BT is not expected to generate more cash as the operator buys up Huawei gear ahead of the 5G ban. Ericsson highlights its own efforts to ensure it can meet BT’s needs in uncertain times ahead.
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Public Affairs
TalkTalk stiffens resistance to Openreach network pricing
Alternative network provider is waging an ongoing war with Openreach over wholesale fees.
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Strategy & Change
BT’s Jansen plays for time on transformation
Eighteen months into the job, the BT CEO is striving to prove the business is on the right track, with a lower‑key transformation than many expected. Jansen urging staff to adopt a “ lean‑in ” approach with faster decision‑making to accompany systemic change.
