All Philip Jansen articles – Page 7
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Operations
Openreach’s Selley slams ‘tortuous’ process for hiring EU workers
Openreach CEO warns of constraints on pace of fibre network build.
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Network & Infrastructure
BT’s Digital Voice switchover on track despite delays
CEO Jansen confident in operator’s ability to rectify problems in analogue-to-digital switchover.
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Financial & Performance
BT Q4 FY21–22: foundations in place, but cracks widening
Typically rosy Openreach figures relied on heavily for positive spin to results mixed bag.
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Partnerships & Alliances
BT continues “dramatic simplification” with cloud-first AWS deal
Five-year agreement adds to recent contract with Google Cloud to advance operator’s digital transformation and simplification drive. AWS named preferred cloud provider for internal applications.
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Public Affairs
Industrial action inbound as union rejects biggest BT pay rise in 20 years
Communication Workers Union rebuffs improved offer of a £1,500 flat rise for 58,000 employees. Union states it will take BT’s management “to a place they’ve never been before” as it prepares for a statutory industrial action ballot. BT believes its rates “compare well” against competitors.
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People
BT Sport boss exits ahead of Discovery merger
Simon Green, Head of BT Sport since its inception, set to leave this week. BT Sport evolving as it prepares for Discovery tie-up.
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Strategy & Change
Mehta puts BT Digital “on steroids” to power transformation
Chief Digital & Innovation Officer Harmeen Mehta relishes opportunity for dramatic change at BT, as she sets about untangling digital architecture. Google-powered Digital Brain to bolster AI and data platform. Digital jumps on cost savings bandwagon, with £500m contribution expected. Talent and recruitment drive incoming.
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Operations
Newgate St: BT has left the building
Facilities management partner completes “decommissioning” of the Group’s former HQ, ending long historical association with St. Pauls location.
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M&A
Discovery JV: BT Sport to be unbundled from BT
Another twist to the tale as BT and Discovery enter exclusive discussions. Jansen indicates agreement encompasses Eurosport UK and ‘Discovery app’, hinting at sports content tie-up; says deal has “no downsides”. The move could be a huge blow to DAZN, which appeared to have secured an $800m buyout.
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Financial & Performance
BT Q3: king of a still-wobbly hill
Corporate weakness postpones recovery, with BT Global recuperating and BT Enterprise still in surgery. Rational rivals embraced, but warned of “Armageddon scenario”, with Sky current BFF. Discovery tie-up a win-win for BT Sport (but what about for BT itself?). Openreach charges on, hitting new records for FTTP connections and ...
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Premium
BT Q3 FY21–22 Guidance: positives to come, but later than promised
Revenue down 2% for the year, but growth anticipated from Q1 FY22–23. All things point up, but large corporates at Enterprise and Global need turnaround to avoid continued struggles. Discovery tie-up a win–win for BT Sport (and maybe for Sky, but what about for BT itself?).
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Premium
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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Premium
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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People
Ex-chair du Plessis wants to “move on” from BT exit
Jan du Plessis describes BT chairmanship as “not a great time”, but remains confident in Group strategy under CEO Jansen. Unceremonious resignation came amid reports of falling-out between the pair. Newly knighted du Plessis now teed up for UK audit watchdog role.
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Strategy & Change
BT ramps up health tech plans with formation of Clinical Advisory Board
Eight NHS clinicians will aid BT in development of its healthcare solutions. Latest in a string of moves showcasing the telecom’s healthcare ambitions.
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M&A
VM O2 CEO happy as spectator to BT takeover saga
Lutz Schüler, CEO at Virgin Media O2, said he “thanks God” his business is not distracted by shareholder goings on. Comes after Patrick Drahi expanded his shareholding in VM O2 rival BT. Schüler’s attention fixed on customer experience improvements and fibre rollout.
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M&A
Defences up as Drahi increases BT stake
Patrick Drahi’s Altice UK stops short of a takeover bid, but increases holding to 18%. UK government issues warning that it “will not hesitate” to protect national interests amid concerns of foreign investment in critical infrastructure incumbent. Takeover not Drahi’s ‘intention’, but caveats are in place.
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M&A
Will Drahi come knocking on BT’s door?
Six months on from French billionaire’s surprise raid on BT, Altice UK now free to up its stake or mount a takeover bid. Jansen called in for meeting with UK government minister to get the lowdown on Drahi’s intentions.
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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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Premium
Elsewhere in Openreach: Ofcom lays down the law
Copper exchange stop-sell progress; Ofcom lays down USO law.