Juergen Meissner’s Post

This morning BT Group presented results for the half year to 30 September 2023. Our half year numbers show strong financial and operating performance 👋 We are delivering on our strategy, rolling out FTTP at pace and maximising our network opportunities through our products and services. But still lots to do as we upgrade our global network at an unprecedented scale and continue to modernise internally. “These results show that BT Group is delivering and on target: we’re rapidly building and connecting customers to our next generation networks, we’re simplifying our products and services, and we’re now seeing predictable and consistent revenue and EBITDA growth" said Philip Jansen, Chief Executive. #strategy #companytransformation #digital #BTmeansbusiness #GlobalFabric #Security #companymanagement #accounting

BT Group PLC (LSE:BT.A) eked out modest growth in revenue and earnings in the third quarter but warned performance continued to be hit by rising costs and that its broadband base would decline. The telco said in the third quarter ending December, adjusted revenue rose 3% to £5.34 billion from £5.21 billion the year prior, while adjusted EBITDA edged 1% higher to £2.03 billion from £2.01 billion. Delivering her first trading update as chief executive, Allison Kirkby said: “BT Group has delivered another quarter of revenue and EBITDA growth, while rapidly building and upgrading customers to our full-fibre broadband and 5G networks, and we continue to be on track to achieve our financial outlook for the year." But BT said financial performance continued to be impacted by higher input costs, legacy declines and prior year one-offs, partly offset by cost transformation and growth in Small & Medium Business and... More at #Proactive #ProactiveInvestors http://ow.ly/KbFF105eTAn

CK Hutchison Group Telecom Holdings (“CKHGT”) announced FY23 interim results today. As of 30 June 2023, CKHGT had approximately 43.3mn active customer accounts, 3% higher YoY. Revenue amounted to €4.9bn, 1% higher YoY. Total margin was up 3% YoY at €3.6bn. Pre-IFRS 16 EBITDA and EBIT of €1.2bn and €0.1bn were 17% and 73% lower than 1H22 respectively, as performance was adversely impacted by the incremental tower service fees in the UK following the tower assets disposal, the higher energy costs and other inflationary impacts, as well as higher other network costs from the expanded networks, particularly in the UK. Net debt ratio was down by 6.6 ppt to 7.6% as at end-June. For more details, pls. check our Presentation: https://lnkd.in/gitFn_Bn

Can we make a bull case for BT Group PLC (LSE:BT.A) following today’s earnings call? The #FTSE100 listed telco saw its revenues notch higher in the first half with underlying earnings trending in the right direction. Full-year guidance was reiterated as a result of these par-for-course earnings, with an interim dividend of 2.31p yielding no surprises. #BTGroup retains a significant market share in both the #Openreach wholesale (where it serves over 650 communications providers) and retail #broadband markets through #EE, despite increasing competition from #VirginMedia #O2 and a raft of #altnets. BT lost around 255,000 broadband connections in the past six months and expects that figure to reach 400,000 by year-end. A lot of these losses were in regional areas where VMO2 is more present and BT’s infrastructure remains outdated compared to new, shinier alternative providers. More at #Proactive #ProactiveInvestors #LSE #BTA #BT http://ow.ly/JHhz104ZUIk

Note that Telia, which she previously ran, does not own most of the infrastructures over which it operates. Does the cut back in BT capex indicate that BT will similarly become an anchor tenant for many of its current full-fibre competitors? If so, we can expect a win-win for all concerned, provided Ofcom does not get in the way by seeking to regulate the process of competition grounds. #INCA #FCS #DPA https://lnkd.in/eS8eGfQP

London Stock Exchange for BT Group: Current Quote Price: 131.90 Price Change: +18.75 (+16.57%) 52-Week Price Range: 101.00 - 165.49 The current price of BT Group on the London Stock Exchange is 131.90 with an increase of 18.75 (16.57%) from the previous price. The stock has traded in the range of 101.00 to 165.49 over the past 52 weeks. This significant price increase of 16.57% indicates a positive movement for BT Group in the market, which may suggest investor confidence, positive news, or strong financial performance by the company. However, it's also important to consider other factors such as market conditions, industry trends, and company fundamentals before making any investment decisions. BT Group plc: A Comprehensive Provider of Telecommunication and Digital Solutions BT Group plc, headquartered in the United Kingdom, is a leading provider of fixed and mobile telecommunications services along with secure digital products and solutions. The company offers a wide of services including managed telecommunications, security, and network and information technology infrastructure services to customers spanning 180 countries. With three customer-facing units - Consumer, Business, and Openreach - BT Group plc caters to a diverse set of clientele. The Consumer unit focuses on serving individuals and families within the United Kingdom, while the Business unit extends its services to companies and public services both locally and internationally. The Openreach unit, as an independently governed subsidiary, plays a crucial role in wholesaling fixed access infrastructure services to over 650 communications providers across the UK. As a wholly owned subsidiary of BT Group plc, British Telecommunications plc is responsible for managing and overseeing the majority of the company's businesses and assets. The technology units within the organization are dedicated to building, maintaining, and managing digital and network assets for seamless service delivery. For further information on BT Group plc's latest advancements and offerings, visit their official website at www.bt.com. Josef Anger, the CEO, Owner, and Board Member of #CNBC #BTGroup #Telecommunications #DigitalSolutions #SecureProducts #Services #TelecomProvider #ITInfrastructure #ConsumerServices #BusinessSolutions #Openreach #UnitedKingdom #GlobalPresence #TechnologyInnovations #NetworkAssets #CommunicationProviders #BritishTelecom #DigitalTransformation #CustomerService

As a government business enterprise, people may have different ideas about what 'success' looks like for nbn, especially given the breadth of ambitions laid out in the 2022 Statement of Expectations for nbn. In Venture's most recent telco note, we've narrowed our focus to look at three metrics we believe are worth watching in terms of nbn's growth: - expansion of the greenfield footprint, - brownfield take-up rates, and - speed tier mix.

Breaking News: BT's Strategic Pivot! 🎯📈 After a remarkable full-fibre rollout climax, BT is now on a mission to carve out an additional £3B in expenses by 2029. This ambitious target comes alongside a smart dividend bump for our stakeholders. 🚀💼 The telecom giant notched a modest revenue uptick to £20.8B, thanks to thriving broadband prices and robust sales through Openreach. 💰🌐 Yet, it's not all high-speed internet and soaring sales; they've seen a pre-tax profit dip, leading to a comprehensive cost-control drive. 📉💡 But here's the plot twist - Allison Kirkby, the new CEO, has propelled BT to an unexpected 'inflection point'. Ahead of the clock, BT's initial £3B savings goal for 2025 was met with a year to spare, attributed largely to a drastic job cut strategy. 👩💼✂️ The next chapter? A refined workforce powered by AI to replace about 10,000 jobs, honing in on a lean, mean operating model. 🤖🔧 Kirkby's clear: "We're revving up BT's transformation, pivoting to the customer and the UK's connectivity needs. Expect a simpler, yet potent BT, ready to catapult growth for our stakeholders." 💪 The market reacted, propelling shares up by 8% in a morning trade flourish! This, as BT boldly spars with investor uncertainty amid a £20M debt hurdle. 📊🥊 #BT #Telecoms #FullFibre

Breaking News: BT's Strategic Pivot! 🎯📈 After a remarkable full-fibre rollout climax, BT is now on a mission to carve out an additional £3B in expenses by 2029. This ambitious target comes alongside a smart dividend bump for our stakeholders. 🚀💼 The telecom giant notched a modest revenue uptick to £20.8B, thanks to thriving broadband prices and robust sales through Openreach. 💰🌐 Yet, it's not all high-speed internet and soaring sales; they've seen a pre-tax profit dip, leading to a comprehensive cost-control drive. 📉💡 But here's the plot twist - Allison Kirkby, the new CEO, has propelled BT to an unexpected 'inflection point'. Ahead of the clock, BT's initial £3B savings goal for 2025 was met with a year to spare, attributed largely to a drastic job cut strategy. 👩💼✂️ The next chapter? A refined workforce powered by AI to replace about 10,000 jobs, honing in on a lean, mean operating model. 🤖🔧 Kirkby's clear: "We're revving up BT's transformation, pivoting to the customer and the UK's connectivity needs. Expect a simpler, yet potent BT, ready to catapult growth for our stakeholders." 💪 The market reacted, propelling shares up by 8% in a morning trade flourish! This, as BT boldly spars with investor uncertainty amid a £20M debt hurdle. 📊🥊 #BT #Telecoms #FullFibre