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BT - Results and reorgansation announced

By rotide
Created 01/02/2016 - 09:55

BT has just announced its results to the end of 2015, covering their third financial quarter and the nine months to December 31st 2015.

Gavin Paterson the CE0 commented

"This is a strong set of results with good numbers across the board. Revenue was up 4.7% this quarter, our best result for more than seven years. We are making good progress towards our goal of sustainable profitable revenue growth."

 "These are exciting times at BT. We have completed our acquisition of EE, the UK's best mobile network provider, and are confident that we'll deliver the anticipated cost and revenue synergies. EE will become a separate consumer-focused line of business within the group. We're also creating a new organisation to better serve our business and public sector customers in the UK, combining BT Business with EE's business division and parts of BT Global Services' UK operations. BT Global Services will focus on serving multinational companies and major customers outside the UK."

Having just digested rivals, EE, they have announced that the EE brand will continue, with the main consumer division looking after approximately ten million customers and the rest split into four further sections.

This will cover Business, International Clients, Wholesale and Openreach that provides all other companies access to the BT network.

Growth and innovation in communications and the demand for faster and more reliable internet connection, has changed BT into a vastly different animal from the one was denationalised back in 1984.


Source URL:
https://www.newbusiness.co.uk/news/bt-results-and-reorgansation-announced