H1 FY22–23: BT “on the front foot” as Jansen battles cost and competitive pressures

btw340-tt-results first take

Source: BT

BT increases fibre investment while calling on divisions to find further efficiencies. City’s response to ostensibly reasonable performance is another custard pie; at low point, shares down nearly 11%.

  • FTTP connections the differentiator as Openreach cements network strength against challengers.
  • Another £500m in cost savings added to targets to respond to rough macro landscape and fuel infra build.
  • Inflation-linked pricing to remain into next FY.

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