UK incumbent operator BT is on course to cut costs by more than £1bn during the current financial year.
In a statement the company said that the capex reductions would coincide with improving customer service, investing in fibre and improving cash flow…
UK incumbent operator BT is on course to cut costs by more than £1bn during the current financial year.
In a statement the company said that the capex reductions would coincide with improving customer service, investing in fibre and improving cash flow by over a third.
It comes as no surprise that chairman Sir Michael Rake addressed improving the performance of BT Global Services as a key priority.
Rake also said that BT must be able to invest and compete in any other country in the same unrestricted manner in which non-UK companies can invest and compete here. Regarding the full year dividend of 6.5p, Rake said: “The Board is committed to delivering attractive returns for shareholders. We believe that operational improvements in the business will generate sufficient cash flow to allow the dividend to grow at the same time as we invest in the business, reduce debt and support the pension scheme.”