BT, with a global workforce of 160,000, plans a job cut of nearly 10,000 employees by March’09 as it experiences a fall of 11% in pretax profits in H1′08.
The cuts will, reportedly, affect agency and contract staff and offshore workers, alongwith sub-contractors and other indirect employees.
Ian Livingston, chief executive of BT, terms its action as “decisive”. BT said the move was aimed at reducing its dependence on consultants and contractors. About 4,000 of the job losses will be direct BT staff, the remaining 6,000 will be from related employees.
BT admitted that its performance was “disappointing” and the results in its struggling Global Services division were “simply not good enough”, where EBITDA fell by 36%.
Wireless Federation » archive for 'BT'
BT plans a job cut of 10,000 employees, terms the action as “decisive” (UK)
- November 14th, 2008
- 7:00 am
XLN Telecom-BT in wholesale calls agreement (UK)
- October 20th, 2008
- 11:21 am
XLN telecom inked a strategic agreement with BT for the provision of wholesale calls. Under the terms of the agreement, XLN will provide its own-branded telephony services over the BT Wholesale network. This will combine XLN’s commitment of providing the lowest business calling rates on the market and highest levels of customer service with the assurance that all calls are routed over the UK’s most extensive network.
“As the UK’s leading player in the SME market, we now have the recognised scale and presence to negotiate the best deals with the best providers on behalf of our clients. We are delighted to be contracting with BT for our clients’ benefit, “said, Anthony Karibian, co-founder and CEO of XLN Telecom.
BT-BSNL in association to provide managed services in India (UK, India)
- October 8th, 2008
- 7:15 am
British telecommunications (BT) has reportedly partnered with state-owned Bharat Sanchar Nigam Limited (BSNL) to offer managed telecom services in India including basic telecom, leased line, internet, mobile and broadband services. Under the agreement, BT will be providing access to BSNL’s pan-India broadband network and services, while in return BSNL will gain access to BT’s global multi-protocol label switching (MPLS) network and the UK-based group’s managed service knowledge. Chairman aand Managing Director of BSNL said, As BSNL transforms into a premier integrated communications service provider, a robust managed service offering is key to our future operations. This partnership has strong synergies and we are looking to draw on BT’s exceptional networked IT expertise and professional services and bring such value-added service offerings that our customers want.
T-Mobile and 3 sign a deal with BT to provide high-speed links (UK)
- October 6th, 2008
- 7:52 am
T-Mobile and 3 UK together signed a deal with BT Wholesale in order to provide high-speed links between their base stations, for their joint venture. This a five year deal worth several hundred million pounds, a boost for BT.
Trhe deal caters to the need for mobile operators to raise the speed of data transmission as mobile broadband becomes widely used by subscribers.
BT had signed similar five year deal with O2 and Vodafone, earlier this year, Orange being left out.
Emin Gurdenli, technology director at T-Mobile UK, said: “This agreement with BT will make sure backhaul, the backbone connections of the network, is not a constraint now or in the future at a time when T-Mobile is experiencing strong growth in mobile broadband and other mobile data services.”
Brian Fitzpatrick, managing director of BT Wholesale Markets, said: “BT now supports the base station connectivity requirements of four of the five mobile players in the UK market, bringing our economies of scale to a hugely important element of the communications marketplace.”
BT plans an investment of $50 million for network expansion (UAE)
- September 22nd, 2008
- 5:59 am
British Telecom, UAE, is planning to double it’s market share and the staff in the Middle Eastern region and also plans to invest $50 million for network expansion for the coming three years. It looks forward to more of the service provider market in the Middle East.
The investment will get the telecom firm a greater network density, which inturn will enable the the firm to offer new innovative services. The key sectors to be benefited will include financial services industry, media and broadcasting and the oil and gas industry.
Jinna Bains, BT Country Manager Middle East: “We see the region as a very exciting and promising market for our services. Our success in the region is demonstrated by the fact we have doubled the number of employees and continue to invest in the network infrastructure. These investments strengthen our presence and meet the increasing demand for our innovative services.”
BT appoints Sean Williams as MD of retail strategy (UK)
- September 12th, 2008
- 11:38 am
BT group, the UK based telecommunication company, appoints Sean Williams as MD of retail strategy. Sean Williams, who previously was serving as the board director at Ofcom, the UK regulator, will start as the MD of retail strategy at BT from September 15. He will be reporting to Gavin Patterson, BT Retail’s Chief Executive.
He will be reponsible for BT Retail’s strategy and products, legal and regulatory services.
Free UK mobile phones announce cheap contract mobile phone tariff plans (UK)
- September 8th, 2008
- 10:37 am
Free UK mobile phones declared the cheap contract mobile phone tariff plans for its users in UK and also for rest of the world. The global acceptance enjoyed by online shoppers is quite ostensible with the amplified number of online traffic. Internet shopping reckons to be a quick approach to the many fancies of shopping sicknesses. With the declaration of cheap mobile phone contracts, the mobile shopping website, free UK mobile phones has given online purchasers yet another reason to get hooked to the internet.
Free UK mobile phones offers the best flux of services and mobile phones contract with trendy handsets. Our contract mobile phones are aimed at particular UK resident and hence are affordable as compared to many other mobile phone contract plans. We anticipate supplying our customers meliorative with these cheap contract mobile phones.
Free UK mobile phones solely deals with mobile phones from trailblazing handset manufacturers like Nokia, HTC, Samsung, Sony Ericsson and LG. Free UK mobile phones serve best network services of Orange, T-Mobiles, O2, Three, Vodafone and BT, they are the leading mobile phone networks in the UK. Select any of the schemes such as the Pay as you go contract mobile phone or Pay monthly contract mobile phone which best suits your necessities. The online mobile shopping website also offers you information on other mobile phone networks in the UK like T-Mobiles, O2, Three, Vodafone and BT.
BT revenue grows 3%, share price plunges 10% (UK)
- July 31st, 2008
- 1:52 pm
BT’s revenue rises 3% on last year. Along with this rise its shares price drop by a 10%. The telco made earnings before interest, taxation, depreciation and amortisation (EBITDA) of £1.433 billion, up 1% on the same period a year ago. Company warned of margin pressure partly due to currency charges, it remains confident to hit the revenue targets for the full year.
Ribbit for $105m to BT (UK)
- July 30th, 2008
- 7:20 am
Silicon Valley’s first phone company, Ribbit has been bought by one of the world’s oldest phone companies BT, for $105m. JP Rangaswami, managing director of service design at BT said that “We could have built a device-specific platform like Apple did, we could have built a platform for creating ads - Google might call it Android but I guess we think it should be spelt Ad-droid - or we could have been like AT&T and just provided the pipes for these people to work from,” he said.
“But we felt telephony and software were now one and the same thing, and we wanted to be with people who had that same vision that it was going to be a converged world.”
Ribbit will allow partners with others and insisting on maintaining its autonomy.
Ribbit had realised it needed access to a global network to grow and BT gave it immediate access to 178 countries, told Teg Griggs, Chief Executive, Ribbit. “We feel BT will benefit because they want to push the software side of the business, we’ll continue to establish partnerships and BT is encouraging us to do so, ” he further added.
Wireless Mobile Telecom Wireless News
BT takes over German IT services firms (UK)
- July 3rd, 2008
- 6:18 am
BT has signed an agreement to acquire Stemmer GmbH and SND GmbH — German companies constituting the enterprise IT services segment of net AG, listed on the Prime Standard of the Frankfurt Stock Exchange.
“This acquisition will add complementary skills and capabilities to our existing portfolio. Stemmer and SND have an excellent reputation in the IT services area,” said François Barrault, chief executive of BT Global Services.
“This transaction will complement BT’s strengths in the German market and we will be able to offer our customers an even broader portfolio of end-to-end networked IT services,” he added.
The completion of the acquisition is subject to obtaining regulatory clearance. As at the last audited balance sheet on 30 September 2007, the combined gross assets of Stemmer and SND were EUR9.7 million.
