In-depth: BT falling back amid competition

Joe Purnell2025-11-19T14:58:00

Source: Elissar Haidar / Unsplash

Q2/H1 FY25–26: Group in decline across most metrics of note, but management confident that groundwork (and network) is being laid for a bounce back soon…

This article includes:

Themes: 5G standalone (5G SA); Business simplification; Capex growth; Cost-cutting targets; Customer convergence; Digital transformation; EBITDA performance; Fibre-to-the-premises (FTTP); Free cash flow; Headcount reduction; Legacy voice decline; Network densification; Network migration; Operational efficiency; Revenue decline; Strategic enablers; Transformation agenda.
Events: BT Group Q2/H1 FY25–26 earnings call; Mobile World Live 5G Unwrapped.
People: Allison Kirkby; Peter Leukert; Reza Rahnama.
Geographic: Birmingham; Bristol; Cardiff; Central London; Central Manchester; United Kingdom (UK).
Organisations: BT Business; BT Consumer; BT Group; BT International; Openreach.

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