Openreach scales back UK ultrafast fibre broadband November 23, 2022 Openreach is to limit its investment in the rollout of ultrafast fibre broadband as BT pushes forward with an intense cost-cutting scheme. The telecom giant’s networking division has contacted suppliers to say it would build the network “narrower and deeper” and tighten timeframes, according to a letter seen by the Financial Times. “This will by [...]
BT hikes cost savings target as profits dip amid inflation and strike action November 3, 2022 BT confirmed it would be upping its cost savings target from by £500m this morning, as the UK’s biggest telecoms firm fends off inflationary pressure. In its half year results, the FTSE 100 company said profit before tax hit £800m, down 18 per cent on the previous year. Although revenue climbed a humble one per [...]
BT strikes likely to continue until next April says insider October 24, 2022 BT and Openreach strikes over pay are likely to continue well into next year, says union insider. This could mean that the Communication Workers Union (CWU), which represents around 40,000 BT workers, could cause disruption across 999 call centres and Openreach engineer services until next April — spelling danger for a winter of potential blackouts and [...]
Shetland Islands cut off from all phones and internet: ‘Very limited contact’ October 20, 2022 Reports are coming in that the Shetland Islands are currently completely cut off from any phone or internet communication. Residents of the islands are left without a connection due to a break in the subsea cable connecting their homes to mainland Scotland. The cause of the damage has not yet been confirmed. Operator BT said [...]
999 call handlers to strike on Thursday over BT pay row October 4, 2022 999 emergency call handlers are set to walk out for the first time this Thursday as the strike over pay for BT Group workers continues. Members of the Communication Workers Union – the union for BT workers – will be walking out on Thursday 6 October, with further strikes planned for Monday 10 , Thursday 20 and [...]
BT shares slump as brokers downgrade FTSE 100 firm September 6, 2022 BT shares slumped to the bottom of the FTSE 100 this morning after it received a scathing broker note about its investments. German investment bank Berenberg dropped the telecom stock from a Buy to a Hold, stating that it had underestimated the pressures on the UK firm. Brokers also reduced its price target to 190p from 220p. [...]
BT and Warner complete sports streaming mega-deal September 1, 2022 Warner Bros Discovery and BT completed its ambitious 50:50 tie-up this morning, marking a major moment for live sports coverage in the UK. The deal brings together BT Sport and Eurosport UK under roof, which the companies say will eventually merge to make one single brand. BT Sport and Eurosport UK said they will retain [...]
40,000 BT staff strike over pay: ‘We won’t have bosses use Swiss banks while workers use food banks’ August 30, 2022 Over 30,000 Openreach engineers and 10,000 BT call centre workers are staging a walkout today over pay, as the summer of strike action continues.
BT and Openreach strikes continue as Labour frontbencher Lisa Nandy joins picket line August 1, 2022 Thousands of BT and Openreach staff continued to strike today as the row over pay continues with the FTSE 100 firm.
BT makes revenue growth comeback thanks to consumer price hikes July 28, 2022 BT has met market expectations, with a one per cent climb in revenue to £5.1bn in the first quarter as the telcos firm hikes prices and pushes Openreach networks.