BT eyes unit merger in bid to cut costs

City AM

BT eyes unit merger in bid to cut costs

BT is gearing up to to merge two of its struggling divisions as the telecom giant continues its big squeeze.As first reported by The Telegraph, the FTSE 100 firm is set to combine its Global Services division, which provides security and cloud computing services, with its Enterprise unit, which serves business and government customers in the UK.It comes after chief executive Philip Jansen upped the company’s cost savings target by £500m to £3bn,…