Tue. Oct 19th, 2021

Financiers hit the phones yesterday, offering shares in BT after the telecoms group was hit by the twin blows of big business clients delaying new agreements and Virgin Media O2 increasing competition in full-fibre broadband infrastructure.Shares in BT retreated sharply, toppling by 6.5 percent, or 12p, to close below 172p, after it revealed a definitely combined trading update for the three months to June. Earnings fell by 3 percent to ₤ 5.1 billion as a pause in costs on telecoms services by multinationals balance out a “Covid bounceback” in BT Sport, as lockdown constraints were lifted on bars and handset sales improved.Its results statement was made only moments after Virgin Media O2, its recently merged competing whose ₤ 31 billion mix was cleared by


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Wizadclick | WAC MAG 2021