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BT Group PLC, Britain's largest telecoms company, on Thursday reported a 33 percent drop in first-quarter profits amid tough competition and falling prices for Internet connections. But company shares rose as BT reported progress cutting costs and said it would deliver more promised reductions.
Telecoms company BT Group PLC is offering staff a year off work in return for a 75 percent cut in that year's pay.
Shares in BT Group PLC fell Thursday after the company's downbeat report on its Global Services division, a provider of communication services for companies and government agencies.
BT Group PLC, Britain's largest phone company, on Thursday reported quarterly earnings rose 18 percent but said it would slash 6,000 more jobs by March to keep costs down and maintain its profits.
Shares in BT Group PLC plunged 26 percent Friday after the company said second quarter profits would fail to meet forecasts due to poor performance at a unit which offers services to multinational companies.
BT Group PLC, Britain's biggest telecommunications company, reported a 6.2 percent decline Thursday in its fourth quarter profit, as costs rose and it lost some wholesale customers to broadband services.
BT customer reports death threat after heated row with call centre worker in IndiaA BT customer claims he received threats to bomb his house following a heated argument with a call centre worker.
Phorm shares fall as BT opts outShares in the online ad firm Phorm have fallen by more than 40% after BT said it had no immediate plans to use the service that tracks online behaviour.
Phone box air freshener disrupts military paradeA suspicious package which led to an RAF parade being cancelled in Lincolnshire, has turned out to be a phone box air freshener.
Broadband in the UK - Elite ForcesJune 2009 review of the dire state of broadband connectivity in the UK.
Spy chiefs fear Chinese cyber attackINTELLIGENCE chiefs have warned that China may have gained the capability to shut down Britain by crippling its telecoms and utilities.
BT silences customers over PhormBT has banned all future discussion of Phorm and its "WebWise" targeted advertising product on its customer forums, and deleted all past threads about the controversy dating back to February.
BT to shed 10,000 workersBritish telco BT this week revealed plans to let go of 10,000 workers by the end of March 2009.
British Telecoms to cut 10,000 jobsTelecoms giant BT is cutting 10,000 jobs, mainly among agency workers and sub-contractors, the firm announced today. The company said it had already cut 4,000 jobs, leaving a further 6,000 to go between now and March.
BT tunnels under central London up for sale BT has put a 100ft complex of tunnels beneath High Holborn on to the property market and Simon Woodroff, the man behind YO! Sushi and budget hotel group Yotel, may snap up the underground space.
BT to kick off fresh Phorm trialTelecoms giant BT is about to start further trials of a controversial internet advertising technology. Developed by Phorm, the Webwise system watches what people do online and shows adverts tuned to their interests.
UK could suffer economicaly and socially with 'poor broadband'Britain risks falling behind the rest of Europe as a result of poor broadband speeds, it has been claimed in a new study.
Superfast broadband could cost the UK £29bnPlans to upgrade the UK's broadband network could cost as much as £28bn, a governmental advisory group predicted today. The main cost is likely to be digging up roads in order to lay new super-fast fibre-optic cable.
ISPs Hand Over Details of 'Several Thousand' PiratesTwo major UK ISPs have been ordered by the High Court to hand over the identities of several thousand alleged file-sharers.
Virgin Media aims for 40 times faster broadbandInternet service provider (ISP) Virgin Media could be able to provide broadband at speeds up to 200Mb per second by 2012, around 40 times faster than the average speed currently enjoyed by British web surfers.
BT slams bandwidth brakes on ALL subscribersBT is throttling all of its broadband customers' bandwidth at peak times, not just heavy users, according to independent monitoring data.
BT snares Silicon Valley phone firmBT is buying phone firm Ribbit for $105m, months before the Silicon Valley outfit's service is even scheduled to launch to consumers.
Parents to be punished for children's net piracyThousands of parents could be punished if their children download music and films illegally via the internet under anti-piracy measures to be announced by the Government today.
Last call to save thousands of unprofitable phoneboxesTelecoms company BT is to close thousands of telephone boxes in locations throughout the UK after it revealed that many are used only once a month. BT plans to shut down about 9,000 of its 62,000 payphones, 60% of which are unprofitable.
BT plans to invest £1.5bn to take UK into broadband superleagueTelecoms company BT has announced plans to provide "super-fast" broadband to as many as 10 million homes by 2012.
How would you feel if your ISP allowed a third party to install equipment at their datacentre which intercepted all your Internet traffic, (secretly so you wouldn't notice) so that your browsing could be tracked, webpage by webpage, entirely without your knowledge?
BT criticised for cost of jail phone callsTelecoms company BT is facing a 'super complaint' today against the amounts it charges prisoners to make phone calls.
These wars [Iraq, Afghanistan] are about oil, not democracyThe ugly truth behind the Iraq and Afghanistan wars finally has emerged.
Code agreed on broadband speed adsOfcom have signed up 32 broadband providers to its voluntary code on how they advertise broadband speed. Many broadband providers advertise "up to" certain speeds, however with a note in the small print saying speeds can vary.
'Broadband prices likely to rise,' says OfcomOfcom have announced plans to allow BT to increase the cost it charges its rivals for line rental for telephone and internet access. This is expected to increase the cost of broadband in the UK.
O2 chases broadband rivals with its new nationwide serviceToday O2 is launching its national home broadband service. O2 have teamed up with BT to offer national coverage. Prices for O2's mobile customers start at £7.50 a month. However other customers will have to receive the service through BT which will cost £17.50 a month.
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