The Indian government’s strategic move to convert Vodafone Idea’s debt into equity has dramatically increased its stake to 49%. This comes as a lifeline for the telco, offering significant relief in its enormous debt woes. Despite this, Vodafone Idea faces tough competition from leaders Jio and Airtel, particularly in the 5G arena.
Telus, a leading telecom operator, is considering selling a minority stake in its wireless tower portfolio, aiming to strengthen its financial position. The potential divestment of up to 49.9% of its 3,000 towers could raise over CAD 1 billion, fueling debt reduction and aligning with broader industry trends of leveraging asset sales for growth.
BT is in talks with AT&T and Orange to explore partnerships for its international operations, possibly leading to a partial sale. This move aligns with CEO Allison Kirkby’s UK-focused strategy, following BT’s recent sale of its Irish operations.
BT urges UK SMEs to switch from analogue to digital networks by 2025 amid the phased retirement of PSTN, essential yet outdated. With 22% still reliant on traditional systems, disruptions rise.
BT Group is expanding its Global Fabric services through collaborations with Equinix and Optiva, significantly enhancing its network reach. The Global Fabric platform connects enterprises to rapid computing services, revolutionizing access to cloud-based solutions.
BT is removing Diversity, Equity, and Inclusion (DEI) targets from its managerial bonus scheme, shifting focus to employee engagement. DEI targets previously made up 10% of bonuses for 37,400 managers. Despite the change, BT insists it remains committed to inclusion.
BT’s sale of its wholesale and enterprise unit in Ireland to Speed Fibre Group for €22 million marks a significant shift in the Irish telecom market. Transferring BT Communications Ireland Ltd, this acquisition includes domestic network infrastructure and over 400 business clients, excluding multinational services.
BT’s new CEO, Jon James, is set to transform BT Business with a UK-centric strategy. Previously leading Nuuday’s revival, his expertise in European telecom markets will boost BT’s focus.
BT is urging the rapid phase-out of the outdated copper landline network, citing rising faults and risks to critical public services. With 60% of key infrastructure providers unprepared for the digital transition, BT is working to facilitate the shift, backed by government support.
BT has halted its pilot to transform street cabinets into EV charging stations after a promising start in East Lothian, Scotland. Financial challenges, including rising costs and profit declines, are speculated as reasons.
