Openreach – Page 10
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Elsewhere in Openreach: £20,000 reward for cable theft information
What next for Openreach under Drahi?; apprentice hiring spree targets diversity; Plusnet readies for FTTP entrance.
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Former BT Fleet folded into rebranded Rivus
Rivus Fleet Solutions and Pullman Fleet Solutions to be combined. Graeme Lumley is new BT account director.
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BT Q3 FY21–22 Headlines: Openreach surging; CFUs in surgery
Corporate weakness postpones recovery, with BT Global recuperating and BT Enterprise still hurting. Openreach charges on, hitting new records for FTTP connections and (low) costs. City analysts focus on ‘mathematical’ minutiae of inflation response and impact on customers, costs, and payroll. Drahi and other predators ignored.
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BT Q3 FY21–22: king of a still-wobbly castle
Rational rivals embraced, but warned of “Armageddon scenario”, with Sky current BFF. Mixed results force management to cling to customer satisfaction and market share security blankets. Inflation a bonus for Consumer’s linked pricing. ‘Jam tomorrow’ outlook reiterated.
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Operations
BT considers use of AI to expose vendor malpractice
Operator considering application of video analytics software from partner Vyntelligence to identify “incorrect behaviours” in supplier plants. Idea reflective of operators’ concerns over hidden ESG and security nasties in their vast international supply chains.
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BT people moves: ESG key in New Year changes
Digital impact and sustainability manifesto brings a number of new roles to further ESG agenda. Fibre build challengers Borderlink and Hyperoptic poach ex-BT and Openreach staffers to drive regional FTTP rollout plans. Healthcare remains a key focus for Digital and Enterprise developments.
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Elsewhere in Openreach: Selley plays down fibre workforce concerns
Selley dampens workforce concerns; copper stop-sell rollout continues.
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Openreach gets good marks for independence
Ofcom monitoring unit warns BT and Openreach to stay vigilant. Stakeholders raise concerns about PIA, defective poles, and lack of clarity on Openreach’s build plans. Equinox pricing offer deemed free from BT influence, as Ofcom defends its approval to Competition Appeal Tribunal in challenge brought by CityFibre.
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Operations
Openreach turns to video AI to cut install snags
Infra provider claims install quality, efficiency, and consistency gains from roll out of video analytics software from partner Vyntelligence.
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Suppliers & SCM
Openreach urges Vauxhall to build British ‘green’ fleet
Clive Selley, Openreach CEO, “in talks” with Vauxhall owner Stellantis to increase production of electric vehicles at its UK plant. Vauxhall supplies Openreach’s 28,000-strong commercial van fleet, which will be ‘green’ by 2030. 1,000 EVs currently on the road in Openreach livery.
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Network & Infrastructure
Altnets prep fibre wholesale platforms to rival Openreach
Two platforms aim to create full-fibre marketplaces for altnets and resellers. Signs of confederation among the UK’s 80-plus altnets, as wholesale competition heats up. Platforms facilitate Project Gigabit wholesale mandates and One-Touch Switching.
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Equinox takes off as legal challenge looms
Openreach touts better-than-expected FTTP offer take-up. Equinox aimed at accelerating full-fibre adoption, but altnets could spoil the party with legal action.
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Elsewhere in Openreach: Ofcom lays down the law
Copper exchange stop-sell progress; Ofcom lays down USO law.
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H1 FY21–22: Openreach enters fibre build phase two
Lonely position as sole BT unit posting positive results for the half year. CEO Clive Selley confident of future return on investment: FTTP rollout moving ahead of expectations; uptake supported by Equinox pricing deal and growing consumer demand.
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M&A
Reliance denies interest in acquiring BT stake
BT share price jumps on report that Indian conglomerate eyeing a move for UK incumbent. Reliance quick to dismiss the article as “completely speculative and baseless”, but City still excited.
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H1 FY21–22: flat figures at BT Consumer do not curb Jansen enthusiasm
Consumer division sees revenue and earnings knock in Q2. Numbers show slow going on multi-play uptake, and star product and service lines being outshone by accessories. Executives remain bullish on the long-term growth promise of convergence, however.
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Elsewhere in BT Group: Phones 4u saga continues
Phones 4u saga rolls on; BT joins in with COP26 target-setting.
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H1 FY21–22 Guidance: BT’s past investment heralded as future hope
Progress on track and meeting expectations, with management pitching Enterprise as the one to watch for revenue growth. Fibre build phase “done” with anticipated returns to be reaped during “selling and populating” phase, now underway. Build moves Openreach to ‘fibre franchise’, with market rivals striving for scale.
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H1 FY21–22 Spend: efficiencies found to give BT an edge
Improved cost points for BT’s fibre rollout front and centre, make for positive viewing. Operating expenditure down across the board, and capex up at CFUs.
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H1 FY21–22 Headlines: an uphill climb for some, others still falling at BT
Struggling enterprise businesses bring numbers down, with legacy stop-sells blamed and next-generation services expected to drive a turnaround. Consumer flat as wins offset losses, but market opportunity growing despite upped competition. Openreach a prince among paupers with fibre goals accelerated amid strong uptake and bullish stance.