BT Group has reported a slight revenue increase to £20.8 billion, a 1% rise from last year, driven by price hikes for broadband customers, robust sales of fibre products in Openreach, and growth in the consumer division. However, the company’s pre-tax profits dropped sharply by 31%, falling to £1.18 billion, despite a 2% rise in adjusted EBITDA, which reached £8.1 billion.
BT Group has taken a bold step into the future of content delivery with an innovative concept known as Multicast-Assisted Unicast Delivery (MAUD). This technology takes a fresh approach, replacing the traditional individual internet stream with a more efficient consolidated flow. Not only is this technology seamless for consumers, it also delivers substantial resource savings. Furthermore, in an era of environmental consciousness, MAUD offers up to a 50% bandwidth reduction during peak times, resulting in lower energy usage.
With BT Group’s current CEO Philip Jansen’s departure on the horizon, the telecommunications industry is abuzz as Telia’s top-notch leader Allison Kirkby is slated to step into his shoes in 2024. Equipped with a celebrated career within the telecom sector and experience as a non-executive director at BT since 2019, Kirkby’s ascension is anxiously anticipated.
BT’s Digital Unit achieves a milestone as the first telco to complete the EDM Council cloud assessment, paving the way for efficient data management and strategic cloud implementations while ensuring data protection and control.
BT Group and Edgio are revolutionizing live television streaming with the first Content Delivery Network (CDN) enabled by Multicast-Assisted Unicast Delivery (MAUD) technology. This collaboration promises reduced costs, improved content quality, and scalable, sustainable streaming practices.
TalkTalk, the UK’s fourth-largest broadband provider, is seeking £200 million in urgent funding to prevent collapse. Facing £1 billion in debt, the company aims to meet repayment deadlines by restructuring and attracting new investors. Despite serving 3.8 million customers, mounting debt pressures have amplified financial insecurities amidst fierce competition.
BT Group, Nokia, and Qualcomm have successfully tested 5G Standalone (SA) 5CC carrier aggregation at Adastral Park, making BT the first European operator to achieve this milestone. Utilizing Qualcomm’s Snapdragon 5G Modem-RF system and Nokia’s 5G AirScale portfolio, the tests achieved downlink speeds of 1.85 Gbps, highlighting the potential of 5G SA.
BT has announced a two-year delay in the shutdown of the UK’s copper-based phone lines, now scheduled for 2027 instead of the original 2025 target. The decision was subtly revealed in the company’s 2023 financial results and later confirmed through a press release.
Matthew Riley, the CEO of Daisy Group, a leading UK IT services company, is reportedly on the brink of finalizing a merger deal with Wavenet, a communication and technology solutions provider based in the UK. According to sources disclosed to Sky News, the merger is in its final stages.
Axiata Group, a Malaysian telecommunications conglomerate, has announced the sale of its towers operations in Myanmar in a deal worth US$150 million with an undisclosed buyer. This decision reflects a growing trend among international telecom giants to exit Myanmar due to the country’s challenging economic and operational environment amidst ongoing civil conflict.
