Q3 FY22–23: no frills at BT, but fireworks to come before the year’s up

btw342-tt-q3 first take

Source: BT

BT’s Q3 reflects a troubled three months of inflationary pressures, union challenge, and heightened competition.

  • Promises made about coming Q4, with future more flashy than subdued Q3.
  • Price hikes and build-rate earn most airtime.
  • Philip Jansen happy with fibre build-out foundations, attention now on fuelling connections ‘machine’.
  • BT Business announcement targets synergies, but bulk of benefits not expected in near-term.

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