FTTP builds? 25M homes target on track. 68% coverage of 5G in UK. Mega redundancies programme initiated. He's off
holdings. He also took on the fundamental task of slowing revenue declines and remoulding BT into a business that generated higher profits.
In 2019, BT reported revenue of £23.459 billion, down 1 percent year-on-year and with profit before tax of £2.7 billion. In the latest full financial year ended 31 March 2023, revenue was £20.681 billion and profit before tax was £1.729 billion. During that same timeframe, the share price has fallen from £230 to £122.25.
According to Kester Mann, director of consumer and connectivity at CCS Insights, BT's boss was on"increasingly shaky ground at BT. The company's share has almost halved since he took over in early 2019, while inflammatory comments about the role of alt nets drew concern from Ofcom."[PDF] saying he welcomes competition and claiming his comments quoted in an FT article were taken out of context.
In the piece he was reported as saying:"There is only going to be one national network" and"Why do we need multiple providers?", which runs contrary to the competitive environment Ofcom wants to nurture. Mann added:"The CEO has endured a rollercoaster ride at BT. He presided over the operator's impressive response to the pandemic; embarked on a massive cost-saving drive; oversaw a major acceleration in the deployment of full-fiber; witnessedIn one of his more tone deaf moments, Jansen received a 30 plus percent pay rise in fiscal 2022 to £3.35 million.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BT begins planning for Philip Jansen’s exit\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Lire la suite »
OceanGate CEO ignored 17 warnings before Titan sub imploded killing five peopleOceanGate CEO Stockton Rush, who died onboard the doomed Titan submersible, repeatedly ignored warnings his vessel could kill someone
Lire la suite »
17 warnings OceanGate CEO ignored before Titan sub expeditionThe deep-sea vessel lost contact with the tour operator an hour and 45 minutes into the two-hour descent
Lire la suite »
How the Silicon Valley Bank Crisis Boosted Banking Startup BrexTIME spoke with Henrique Dubugras, CEO of payments platform Brex, about his company, the banking crisis, and the upsides of working in a bad market
Lire la suite »
$1 for a month of PC Game Pass is backThe middle of summer is a pretty good time to get nigh-on unlimited games.
Lire la suite »