BT boss Jansen bags £1.8m bonus as group plans to slash workforce June 8, 2023 BT has revealed its boss took home a £1.8m bonus last year as the telecoms giant plans to shed up to 55,000 jobs by the end of the decade. Philip Jansen, the group’s chief executive, secured the annual bonus despite the firm’s sweeping cost-cutting plans raising the alarm among unions. He bagged the £1.8m in [...]
BT gets thumbs up from Ofcom to roll out new wholesale broadband pricing May 24, 2023 BT has been given the all-clear to roll out its discounted wholesale full-fibre offer to broadband providers after the telecoms watchdog found the proposals were not anti-competitive. BT’s network arm Openreach, which runs the UK’s only national broadband network, put forward plans for a pricing deal that would give lower prices to wholesale customers, such [...]
Altice ups stake in BT – but ‘does not intend’ to launch takeover bid May 23, 2023 Altice, the French telecoms firm, will up its stake in BT to 24.5 per cent, but it “does not intend” to make a takeover bid. The group owned by billionaire Patrick Drahi is BT’s largest shareholder, and said that it will acquire a further 650m shares, increasing its ownership to 2.5bn. It comes just a [...]
FTSE 100 close: BT and Burberry slump to bottom of London index as easyJet regains ground May 18, 2023 London’s FTSE 100 kicked higher this today, driven by retailers offsetting a sharp sell off in BT shares after it said it will shed 55,000 workers over the next decade. The capital’s premier index jumped 0.25 per cent to 7,742.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
BT share price tumbles as firm announces tens of thousands job cuts May 18, 2023 BT has announced plans to slash its workforce by as much as 42 per cent over the next seven years in a bid to slash costs and become a “leaner business”.
BT runs supply chain ‘war game’ signalling growing fears of China-Taiwan conflict April 16, 2023 Telecoms group BT carried out tests on its supply chain in order to prepare for any fallout amid escalating conflict between China and Taiwan in a “war game” that lasted two days last year. The simulation was conducted following the visit of US speaker Nancy Pelosi to Taiwan last year, which China deemed as an [...]
Broadband firms urged to cancel ‘exorbitant’ mid-contract price hikes for vulnerable customers March 21, 2023 Broadband firms have been urged to cancel “exorbitant” mid-contract price rises for vulnerable customers less than two weeks before they are due to take effect. Millions of broadband and mobile phone customers can expect to face monthly bill increases of at least 14 per cent from April. Providers often link their annual price rises to [...]
Arsenal, Manchester City, Chelsea and Call of Duty: The perfect storm that drove UK broadband traffic to record levels February 22, 2023 The top-of-the-table Premier League match between Arsenal and Manchester City pushed UK broadband traffic to record levels last week, City A.M can reveal. The eagerly anticipated fixture, which was only available to stream, helped traffic on the country’s biggest broadband network to reach a new peak of 29.1 terabits per second (Tb/s). BT and EE [...]
3pm blackout: Broadcasters open to talks over scrapping UK’s ban on showing live football on Saturday afternoon February 21, 2023 English football’s 3pm blackout could come under further pressure after broadcasters indicated a willingness to discuss scrapping the ban on televising live games on a Saturday afternoon. Executives in charge of TNT Sports, the new joint venture between BT Group and Warner Bros Discovery, say they will consider showing Saturday afternoon fixtures if league chiefs [...]
BT Sport to become TNT Sports: Here’s what it means for price, programming and existing customers February 21, 2023 BT Sport is to be rebranded as TNT Sports in the first major development of the joint venture between BT Group and Warner Bros Discovery. Under the rebrand, which will take place in July, programming will stay largely the same, with TNT Sports remaining centred around live Premier League and Champions League football, domestic and [...]