BT Global
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Strategy & Change‘Ripping off the plaster’: BT braces for short-term pain to right long-term B2B wrongs
BT Business CEO Bas Burger warns that the division’s turnaround programme will be necessarily painful, with benefits only set to emerge after a difficult beginning.
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Strategy & ChangeGupta comes out swinging as BT Business plots UK corporate renaissance
Jansen-anointed “chap called Ashish” is charged with reviving UK corporate and public sector business, and declares the unit ready to “return to good” and compete in an ultra-competitive market, with rivals including integrators Capgemini and ATOS in his sights as well as rival operators Vodafone and Virgin Media O2.
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Financial & PerformanceBT’s Jansen bows out, buoyant as ever: hints of recovery, decimated valuation
H1 FY23–24: CEO Philip Jansen’s final earnings call brings a workmanlike set of results with some bright spots to give reason enough to gloat, but slow progress on B2B turnaround and dragging fibre build indicate scale of challenge for successor Allison Kirkby.
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Financial & PerformanceH1 FY23–24: BT Business trapped between ‘the old and the new’
Revenue steadies for Business, but EBITDA takes another dip as higher value legacy contracts expire and are yet to be replaced.
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Financial & PerformanceSpend: BT expenses rise despite cost-cutting focus
BT H1 FY23–24: Operating expenditure continued to grow but capital outlay brought under control.
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Financial & PerformanceHeadlines: BT hits stride as key financials see growth
BT H1 FY23–24: Growth in revenue and EBITDA make for positive reading, but the usual Business drag brings numbers down.
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Financial & PerformanceGuidance: outlook reaffirmed as Jansen claims a job well done
H1 FY23–24: CEO claims to have set BT up for momentum towards longer-term targets thanks to strategic focus on network investment.
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Partnerships & AlliancesBT takes ‘first step’ in Google Cloud cybersecurity partnership
Pair extend partnership to the realm of cybersecurity, with BT becoming official reseller of Google Chronicle-based Autonomic Security Operations offering.
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Enterprise (B2B)BT sees SMEs under attack as cybersecurity becomes a strategic priority
As ransomware growth plateaus, cybercriminals are said to be extending their reach to cover smaller targets, with digitalisation creating heightened SME vulnerability.
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Financial & PerformanceBT Business boosted as Consumer made to pay its way
Reallocation of costs one month after FY22–23 announcement sees Consumer profitability and cash flow contribution slimmed down as Enterprise sees improvements.
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Partnerships & AlliancesBT builds trading bet with unified comms partnership
BT to integrate the Flexenet Private Wires connectivity into its unified comms and collaboration platform, BT Trading.
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PremiumBT FY22–23: BT buys time with merger as B2B troubles linger
Global and Enterprise go out with a whimper, as Jansen stresses merger cost savings will provide breathing space for BT to refocus in the B2B sector.
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PremiumBT FY22–23: next-gen expectations are high but Consumer treads water
BT heralds decent operational performance despite competitive market.
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PremiumBT FY22-23 Spend: investment increases, efficiencies found
Sports JV helps bring costs down as Group transformation programmes seeks out more savings.
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PremiumBT FY22-23 Headlines: good, bad, and plenty in between
Group relies on pro forma figures to find positives.
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PremiumBT loses out in EU data exchange controversy
Decision to award €458m TESTA contract to BT Global Services Belgium revoked after legal debacle.
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PremiumBT still in limbo on EU data exchange contract
Belgian subsidiary’s TESTA deal win still frozen amid Commission complaints and competitor legal claim.
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PremiumElsewhere in BT Business: Voluntary redundancy programme reportedly initiated
Voluntary redundancy programme reportedly initiated across unified B2B units.
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PremiumBT Q3 FY22–23 headlines: big picture positives, details remain devilish
Q3 seen to support BT’s upward trend, building towards an overall good FY defined by major strategic moves.