BT Group has announced plans to increase its £3 billion ($4bn) cost savings target by an additional £700 million ($939m), extending the period by one year to the full year 2030.
The changes are part of BT's ongoing transformation plans under chief executive Allison Kirkby.
– BT Group
Further cuts were announced as the British telco giant reported its full-year 2026 financial results for the period ending March 31, 2026.
BT reported a dip in revenue of three percent year-on-year (YoY) to £19.6bn ($26.3bn), with the company's international unit dropping 15 percent, as the company continues to refocus its international business. The telco also blamed the drop in revenue on declining handset trading and declines in adjusted UK service revenue.
