Sunday, 24 June 2018

BT begins EE charm offensive to win over competition watchdog

By Nick Wood, Total Telecom
Thursday 07 May 15

U.K. incumbent's full year pretax profit rises 14% but revenue once again dips.

BT on Thursday reported a 14% rise in full-year pretax profit as cost cutting once again countered falling revenue. The U.K. incumbent has also begun a charm offensive to convince competition watchdogs of the merits of its planned £12.5 billion takeover of EE. BT's shareholders on Thursday approved the proposed transaction, marking the start of the regulatory review process. A day later, BT created an infographic espousing the virtues of bringing together the country's largest fixed…

BT on Thursday reported a 14% rise in full-year pretax profit as cost cutting once again countered falling revenue. The U.K. incumbent has also begun a charm offensive to convince competition watchdogs of the merits of its planned £12.5 billion takeover of EE. BT's shareholders on Thursday approved the proposed transaction, marking the start of the regulatory review process. A day later, BT created an infographic espousing the virtues of bringing together the country's largest fixed…

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