BT guidance: toned down but on track

Joe Purnell2026-08-07T11:48:00

Source: BT

Q1 FY26–27 guidance: BT resets near- and mid-term forecasts after ‘discontinuing’ hived-off BT International, with the division’s long-time drag meaning its disappearance is barely noticed on the earnings front (more so on revenue). CEO says the Group remains ‘on track’, albeit with a knock this FY.

This article includes:

Themes: Business-to-business (B2B); Capital expenditure (Capex); Cost transformation; Free cash flow (FCF); International divestment; Portfolio simplification; Telecom restructuring; UK-focused strategy.
Events: BT Q1 FY26–27 earnings.
People: Allison Kirkby.
Geographic: United Kingdom (UK).
Organisations: BT Group; BT International; Verizon.

This is TelcoTitans Professional Subscription content. Subscribe now.

Already a subscriber? Sign in here, or contact us to check if your company has access.

Become a TelcoTitans Professional Subscriber

Read this article and get full access to all TelcoTitans premium telco and digital infra content by subscribing today.

TelcoTitans Professional subscriptions include:

Full access to all TelcoTitans online news, insight and analysis, including Professional-only and deep-dive content on leading tier-1 telcos
Professional-only premium weekly CSP briefings and newsletters
Industry-leading insight and analysis that you simply cannot get anywhere else

“Super intelligence, consistently high quality, compact and easy to digest” – Deloitte.

Subscribe to TelcoTitans Professional today