Published • loading... • Updated
Fibre Demand and Cost Savings Shore up Earnings for BT
- BT reported underlying earnings of £8.21 billion for the year to March 31, 2025, with revenues close to £20.4 billion and a 3% reduction in staff.
- The company accelerated cost-cutting and simplification efforts, including reducing its direct workforce by 8% and restructuring its international operations.
- Openreach, BT’s network division, drove earnings growth by expanding fibre broadband coverage and saw both revenue and earnings rise despite pressure on other units.
- Chief Executive Allison Kirkby announced an increase of 20% in the fibre network expansion goal, aiming to connect as many as five million UK homes during 2025-26, and stated the company remains well positioned to achieve 25 million connections by the close of 2026.
- BT expects little change in earnings this year, plans further cost reductions of billions, and seeks to focus more on its UK business amid continued revenue pressure.
Insights by Ground AI
12 Articles
12 Articles
BT pushes on with overhaul as CEO eyes further progress
BT Group reported efforts to transform the business were yielding results faster than initially expected with £913 million in gross annualised cost savings delivered in its fiscal 2025 (ended 31 March) and progress with a strategy to refocus on its home market of the UK. In its annual results statement, CEO Allison Kirkby (pictured) pointed to strong progress across its priority areas, advancing rollout of the latest generation of fixed and mobi…
Coverage Details
Total News Sources12
Leaning Left3Leaning Right0Center3Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
