It’s a big numbers day in the telecommunications industry, with investments and the impact of the Covid-19 pandemic affecting operator numbers.

BT is optimistic despite a difficult fiscal year with revenue down 7% year over year to £ 21.3bn and adjusted earnings (excluding one-off items) down 6% to £ 7.4bn. Numbers that pushed the operator’s share price on the London Stock Exchange down 6.6% to 158p. “BT is emerging from this challenging year as a stronger company with an even greater sense of purpose,” said CEO Philip Jansen.After a few years of hard work, and as we try to better recover from the pandemic, we are now moving towards steady and predictable growth. We are building a better BT for our customers, for the country, for our shareholders and for those who work for this great company – now and in the future, ”he added. While several parts of BT’s empire had a rough year …

Source link

Leave a Reply