BT Financial & Performance – Page 4
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Financial & PerformanceBT brings OnePhone into Division X fold as unit boosts sales
Converged comms business grows in first year under BT Enterprise.
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Public AffairsFormer BT Group chair bashes UK fiscal plan
Sir Michael Rake fears UK economy in “danger”, as pound slumps and UK bond yields shoot up following “unfunded” tax cuts.
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Public AffairsPwC fined for BT Italia fraud case
Auditor handed £1.75m fine for lack of “professional scepticism” relating to BT’s Italian operations.
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Financial & PerformanceBT rocked by Virgin Media loss as MVNO revenue slumps
BT Wholesale’s mobile revenue drops 75% year-on-year after Virgin Media completes Vodafone migration.
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PremiumBT Q1 FY22–23: ‘Green shoots’ emerging from B2B rubble but investors take fright
Positive headline numbers do little to mask atrophy at Enterprise and Global. City investors badly spooked before and after, despite arguably positive tone and maintained forward guidance.
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PremiumBT Q1 FY22–23 headlines: foundations to build on
Revenue growth puts Group in good stead for coming quarters, with macro pressures an inevitable caveat.
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PremiumBT Q1 FY22–23 spend: modernisation makes it mark
Usual cost control and efficiency gains hit the spot for Group spend.
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PremiumBT Q1 FY22–23 guidance: outlook held, numbers stack up
Management remains confident in growth outlook, with initial FY guidance confirmed.
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PremiumBT’s emissions jump 5% in a year
Group pins rise on pandemic ‘rebound’ and fibre build necessities.
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Network & InfrastructureBT CTO targets broadcast revenue from all-IP switch
Howard Watson is eyeing up broadcasters’ distribution spend to help fund network investment as TV goes digital.
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Enterprise (B2B)BT sees public deals erode as IT giants rise
BT sees its share of government telecoms revenue slide as Virgin Media O2 gains ground.
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PremiumBT Q4 FY21–22: Openreach rallies troops for Jansen’s war
Jansen emphasises importance of fast migration to fibre as defence against wholesale rivals, and BT is heavily recruiting to provision new customers.
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PremiumBT Q4 FY21–22: Global remains in transition
Division’s sales and profit continue to slide rapidly. Difficult macro environment blamed, along with digital shift that Global remains in process of getting a handle on. Management reassures over progress on product portfolio revamp.
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PremiumBT Q4 FY21–22: uncertainty hovers over UK B2B
Another downer from Enterprise as growth is slow to materialise.
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PremiumBT Q4 FY21–22: Consumer bullish despite more flat figures
Branding changes and convergence prospects pave the path for growth.
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PremiumBT Q4 FY21–22 Spend: FTTP build-out remains a (costly) priority
Openreach’s fibre-related spend surpasses 50% of Group capex.
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PremiumBT Q4 FY21–22 Guidance: Jansen stands defiant
Macro pressures to have an inevitable impact, but not all doom and gloom for BT forecasts.
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PremiumBT Q4 FY21–22 Headlines: off-target but moving forward
Enterprise and Global continue to drag, Openreach unencumbered.
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Suppliers & SCMArqit excited by prospects despite controversial report
BT-partnered quantum encryption startup’s share price remains sharply down following savage WSJ article.
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Financial & PerformanceBT Q4 FY21–22: foundations in place, but cracks widening
Typically rosy Openreach figures relied on heavily for positive spin to results mixed bag.