Friday, 16 November 2018

BT doubles down on convergence as revenues slip

By Chris Kelly, Total Telecom
Friday 27 July 18

BT reported a mixed set of financials for the quarter but there are signs that the company could be poised to make some big gains over the next 6 months

BT reported a 2 per cent drop in revenues for this quarter as the UK's former incumbent operator emerges from a difficult few months. Over the last few months, BT has faced a shareholder backlash that led to the resignation of long serving CEO Gavin Patterson, as the company's share price continued its 2-year nose dive to hit £2.0325 per share on the 18th May (down from a high of &pound…

BT reported a 2 per cent drop in revenues for this quarter as the UK's former incumbent operator emerges from a difficult few months. Over the last few months, BT has faced a shareholder backlash that led to the resignation of long serving CEO Gavin Patterson, as the company's share price continued its 2-year nose dive to hit £2.0325 per share on the 18th May (down from a high of &pound…

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