BT FY24−25 Spend: ‘on and off’ contractors help keep cost-cutting on track
BT’s long-running cost-cutting campaign is in full swing, with headcount cuts driving the savings. Capex continues to rise despite earlier promises, but the (revised) peak is in sight…
This article includes:
- Organisations: BT; BT Consumer; BT Digital; BT Group; BT International; Openreach; Zen Internet.
- Geographic: UK.
- People: Allison Kirkby; Philip Jansen; Richard Tang; Simon Lowth.
- Themes: 5G; Asset sales; Automation; Broadband; Capital expenditure; Cost savings; Desk space productivity; Earnings call; EBITDA; Energy consumption; Fibre build; Free cash flow; FTTP; Headcount reduction; Labour costs; Legacy networks; Modernisation; Multinational corporate customers; Network efficiencies; Operational discipline; Procurement savings; Revenue decline; Service revenue; Share price; Simplification; Subcontractor management; Transformation.
- Events: BT Group earnings for FY24–25.
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