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

btw355-tt-openreach logo

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…

This BTwatch article is available to TelcoTitans Professional and BTwatch subscribers. Sign in, subscribe now, or contact us for more details or if you have a relevant story. This article includes:

  • 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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