BT FY23−24 Spend: capex goes post-peak; further opex savings inbound

Joseph Purnell2024-05-24T16:31:00

Source: Openreach

Openreach spend declines despite record build, and more to come on both fronts in the next FY. Management tees up another £3bn cost transformation initiative, having exceeded early expectations with the last…

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Organisations: BT Group; Building Digital UK; Openreach.
Geographic: UK.
People: Allison Kirkby; Simon Lowth.
Themes: EBITDA; Revenue; Artificial intelligence; Broadband; Building Digital UK funding; Capital expenditure; Cost transformation; Copper network; Customer journeys; Data capabilities; Efficiency; Headcount reduction; Fibre; Financial guidance; Free cash flow; FTTP; Legacy networks; Operational efficiencies; Provisioning; Public switched telephone network; Rural networks.
Events: BT’s FY23−24 results.

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