Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. BT Group plc
  6. News
  7. Summary
    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BT : denies any CEO rift behind chairman's retirement

03/06/2021 | 07:56am EDT
Company's logo is displayed at British Telecom (BT) headquarters in London

LONDON (Reuters) - BT denied any "misalignment" between board and management on Saturday after Sky News said that CEO Philip Jansen had indicated he might resign unless the company replaced its chairman.

The British broadband and mobile telecoms operator said on Monday that Jan du Plessis, who was appointed chairman in November 2017, had informed the board of his intention to retire once a successor has been appointed.

"The chairman throughout his tenure has demonstrated strong leadership ... been extremely supportive of management and any suggestion that he has impeded the transformation of BT is without foundation," BT said in a statement on Saturday.

"There has been no misalignment between the board and executive management over the company's strategy," BT added.

On Friday Sky News reported that Jansen, who joined BT as CEO in 2019, had told fellow directors he was frustrated with the speed at which it was taking key strategic decisions.

Jansen indicated that he was prepared to resign unless a new chairman who could accelerate the pace of change was appointed, Sky News said, citing several people close to the company.

Jansen is seeking to make the former monopoly more agile.

He wants BT to accelerate Britain's shift to fibre and 5G networks, and he is pushing the government and regulator Ofcom to create the conditions that would allow him to turn on the taps to billion of pounds of investment.

That aim was boosted by changes to corporation tax announced on Wednesday to incentivise investment.

Jansen said in November he was open-minded about selling a stake in the company's networks unit Openreach.

However, he said any decision would come after Ofcom publishes its new framework.

Du Plessis sought to build bridges with Ofcom during his tenure. "Above all, our relationship with Ofcom has improved significantly over the last three years," he said on Monday.

(Reporting by Paul Sandle; Editing by Alexander Smith and Ros Russell)


ę Reuters 2021
All news about BT GROUP PLC
09/24NESTLE S A : Nestlé, UK Companies Urge Government To Eliminate Gas Power Use By 2035
MT
09/23BT : new multi-million pound office opens in Warrington
PU
09/23ORACLE : to Optimize Network Resources of UK's BT Group
MT
09/23BT : Our Oracle partnership will help us bring the latest 5G innovation to ..
PU
09/22CELLNEX TELECOM S A : BT Agrees with UK Watchdog's View on Impact of Cellnex-CK Hutchison ..
MT
09/21DAZN Reportedly in Advanced Talks to Buy BT Sport
CI
09/21BT : gets the nation talking about climate change with the BT Big Sofa S..
PU
09/21BT : DAZN In Talks To Acquire BT's Sports Business Unit
MT
09/21BT : launches Cisco ThousandEyes managed service to help customers boost.. Service offers ..
PU
09/21DAZN Reportedly in Advanced Talks to Buy BT Sport
CI
More news
Analyst Recommendations on BT GROUP PLC
More recommendations
Financials
Sales 2022 21 102 M 28 846 M 28 846 M
Net income 2022 1 639 M 2 241 M 2 241 M
Net Debt 2022 18 390 M 25 139 M 25 139 M
P/E ratio 2022 9,41x
Yield 2022 4,60%
Capitalization 15 701 M 21 463 M 21 463 M
EV / Sales 2022 1,62x
EV / Sales 2023 1,64x
Nbr of Employees 99 700
Free-Float 74,2%
Chart BT GROUP PLC
Duration : Period :
BT Group plc Technical Analysis Chart | BT.A | GB0030913577 | MarketScreener
Technical analysis trends BT GROUP PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 158,45 GBX
Average target price 198,36 GBX
Spread / Average Target 25,2%
EPS Revisions
Managers and Directors
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Ulrica Fearn Group Finance Director
Jan Petrus du Plessis Chairman
Howard Watson Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
BT GROUP PLC19.81%21 463
VERIZON COMMUNICATIONS-7.37%225 098
CHARTER COMMUNICATIONS, INC.12.15%135 876
CHINA MOBILE LIMITED6.79%124 142
NIPPON TELEGRAPH AND TELEPHONE CORPORATION22.59%105 860
DEUTSCHE TELEKOM AG16.68%96 924