Monday, 24 September 2018

BT revisits 2008 with Global Services in crisis, a huge pension deficit and a backdrop of economic uncertainty

By Nick Wood, Total Telecom
Friday 27 January 17

Gavin Patterson has his work cut out to restore order and trust in the U.K. incumbent's enterprise arm. Again.

I'll start off this week's Friday Review by conceding that the headline is perhaps a bit harsh on BT; it overlooks the progress the U.K. incumbent has made since 2008 in modernising its consumer unit by growing its TV business and buying its way back into mobile with EE. More later about how that's all going. This week's revelations about BT Italy though, coupled with the telco's sizeable pension deficit, and uncertainty about corporate and public sector spending, certainly were reminiscent of the difficulties BT faced in 2008. The company on Tuesday revealed that the extent of improper practices at its Italian arm was much bigger than first thought…

I'll start off this week's Friday Review by conceding that the headline is perhaps a bit harsh on BT; it overlooks the progress the U.K. incumbent has made since 2008 in modernising its consumer unit by growing its TV business and buying its way back into mobile with EE. More later about how that's all going. This week's revelations about BT Italy though, coupled with the telco's sizeable pension deficit, and uncertainty about corporate and public sector spending, certainly were reminiscent of the difficulties BT faced in 2008. The company on Tuesday revealed that the extent of improper practices at its Italian arm was much bigger than first thought…

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