Altice, the largest shareholder of BT Group PLC (LSE: BT.A), led by billionaire Patrick Drahi, has raised its stake by acquiring an additional 650 million shares.
BT Plans to Eliminate as Many as 55,000 Positions – Aims to Substitute One Fifth with AI Technology
BT, the telecommunications behemoth, has announced plans to significantly reduce its workforce, from 130,000 to somewhere between 75,000 and 90,000 by the end of the financial year 2030.
An investigation by a watchdog is being launched into broadband suppliers due to delays in switching services.
Ofcom had mandated internet providers to introduce the “one touch switch” service by Monday to help customers facing steep bill hikes.
BT investigated over inflation-busting price rises
BT is currently under investigation for hiding inflation-busting price increases in its contracts. Customers are now bracing for a sharp rise in their bills.
BT plans to save £100mln through merger
BT Group PLC announced plans to combine its Global Enterprise and Global units into a single, B2B unit called BT Business. This move will result in cost savings of at
Mobile phone companies are accused of hiding double-digit price increases from customers
As consumers prepare for a double-digit increase in their bills next fiscal year, mobile phone and broadband providers are accused of concealing inflation-busting price hikes in customer contracts.
BT and unions reach pay agreement
There is peace at BT as the telco group announces a UK Cost of Living Pay Increase that could end strike action at the company.
BT has warned of more job cuts after it was forced to find more than £500m
According to the company, it reported an 18% decline in pretax profits, from just above £1bn to £831m, year-on-year, in the six months to September. It also stated that its