Former HSBC exec named as BT Openreach’s next chief executive January 13, 2014 BT ANNOUNCED yesterday that Joe Garner will take up the role of chief executive of its infrastructure business Openreach in February, replacing Liv Garfield, who is leaving to become chief executive of Severn Trent. Garner previously worked at Procter & Gamble and as UK chief at HSBC, where he helped lead the bank through the [...]
EE deal could see BT heading back to mobile October 10, 2013 BT IS poised to move back into the consumer mobile market after signing a deal to use EE’s network yesterday, 11 years after selling off its BT Cellnet business. Yesterday’s agreement will initially allow BT to provide mobile service to its 250,000 corporate customers using EE’s network, and could allow BT to offer a consumer service [...]
BT is right to take a risk on faster broadband network July 16, 2008 BT’s announcement that it will spend £1.5bn upgrading Britain’s broadband network has unnerved investors, especially as it is funding the investment by suspending its shareholder buyback programme. But it’s important to remember that, in the long term, delaying this decision would have been worse for the company. Falling Behind The firm is falling behind its [...]
BT gambles on need for speed July 16, 2008 Telecoms firm BT yesterday announced it was suspending its shareholder buyback scheme to invest £1.5bn in faster broadband for 10m homes by 2012. The programme will be Britain’s largest ever investment in fibre optic cabling, which can deliver potential speeds up to 100Mbps, compared to the UK average of 4Mbps. But some analysts questioned whether [...]