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The new ultra-high capacity cloud platform will allow network operators to open their networks to “a new ecosystem and value chain, such as internet-of-things applications”
The FTSE 100 group will become the biggest telecoms company in Europe when the €18.4bn deal completes around the end of this month
As part of the deal, BT will lease back the 300,000 sq ft building for up to 30 months while it moves its headquarters to a new location in London
The Competition & Markets Authority is launching a probe to check if the takeover may reduce competition in the market
BT will also look at reducing capital expenditure, cutting costs and borrowing more to help fund the expansion of the fibre broadband network
BT recently upped its pledge to deliver fibre-to-the-home (FTTH) to 4mln customers by March 2021, raising BT’s capex, which in turn “threatens [the] EBITDA recovery”
Analysts reckon a “virtuous circle” of rising revenue and faster deleveraging, alongside an “attractive” 6% dividend, will restore confidence in the unloved telecoms giant
Telecoms group bought 90 MHz in the 3.6 GHz band for €1.07bn and another €806.5mln for 40 MHz of 2100 MHz spectrum
"This partnership enriches our telecoms network virtualisation offering with the addition of Clavister's high-performance cybersecurity solutions,” said BATM chief executive Dr Zvi Marom.
The FTSE 100-listed telecom and broadband provider said Belfast, Birmingham, Bristol, Cardiff, Edinburgh, Ipswich, London and Manchester would be key locations for the group
Credit Suisse expects BT’s move away from sports rights ownership to boost free cash flow by up to £200mln by 2023
The contract is for three next-generation GX satellites, with the first scheduled to launch in the first half of 2023
Regulator Ofcom says fully opening up the network will help increase overall investment in high-speed broadband and 5G mobile
Analysts at the bank believe the tone of telecoms company’s commentary “should get progressively brighter”, starting with the first-quarter statement in July
Some have pointed to BT’s dwindling earnings as a key reason why the divi is not sustainable, but the US broker believes there is a “highly credible prospect” earnings will return to growth next year
“I’m asking our colleagues for their commitment to making BT a national champion and I want to give them ownership in our company and a share in our success,” boss Philip Jansen said
Management reiterated revenue expectations of $106 million to $110 million for 2019, representing double-digit year-over-year growth
Various "challenges" chipped away at service revenue and, together with the high costs of mobile spectrum auctions, have reduced financial headroom
Contrary to reports of a boardroom split, the telecoms group's decision to maintain the dividend was not a “close” one with the board unanimous
Despite rumours to the contrary, new CEO Philip Jansen has kept the divi on hold for the time being, but the way BT’s cash generation and profits are heading, the longer-term outlook is less certain