TIDMBT.A
RNS Number : 9175J
BT Group PLC
16 December 2022
16 December 2022
BT GROUP TO COMBINE ENTERPRISE AND GLOBAL UNITS TO CREATE
BT BUSINESS
BT Group has today announced that it will be combining its
Global and Enterprise units into a single B2B unit, BT Business.
The combined unit will enhance value for all our B2B customers,
strengthen our competitive position, and deliver material synergies
by:
-- Leveraging the full scale and capabilities of BT Group to
develop and deliver market-leading products and services for all
our B2B customers , including next generation connectivity and
unified communications, multi-cloud networking, and advanced
security solutions.
-- Creating a single interface to BT Group for our corporate
customers and public sector institutions , combining our vertical
sectoral expertise and capabilities, and removing the current
duplication between Enterprise and Global.
-- Driving significant and rapid gross annualised cost savings
of at least GBP100m by the end of FY25 through consolidation and
rationalisation of management teams, support functions, product
portfolios and systems.
BT Business will be led by Bas Burger the current CEO of BT's
Global unit. Bas joined BT Group in 2008 and prior to the Global
role was responsible for BT Americas. Before joining BT Group, Bas
was executive president and a member of the management committee of
Getronics NV, where he ran global sales, channels and partnerships,
developing the company's international business. He was also CEO
and managing director of KPN Entercom Solutions.
This will create a simpler BT Group with three Customer Facing
Units: Consumer supporting UK consumers; BT Business supporting
business and public sector customers; and Openreach delivering UK
nationwide fixed access infrastructure.
Announcing the formation of BT Business, BT Group Chief
Executive Philip Jansen said:
"BT Group is a leading provider of B2B connectivity and related
services to UK and multi-national corporations, government and
public sector organisations worldwide, as well as UK SMEs(1) and
SoHos(2) . BT Enterprise is the market leader in the UK, with a
market share of 30% underpinned by BT Group's fixed and mobile
network leadership, the strength of the BT brand, and national
sales, service and distribution. BT Global serves many of the
world's largest companies and is consistently rated as a leader for
its networking and security services and has ambition to be the
leading provider of secure multi-cloud connectivity."
"By combining the two units, BT Business will bring the Group's
combined assets, products, capabilities and brand to the service of
all of our 1.2m business customers who will benefit from faster
innovation and delivery. Bas is an excellent leader and I'm
confident he will build on the plans already underway and drive the
combined business back to growth."
(1) Small and Medium Enterprises
(2) Small Office/Home Office
BT Business will create a B2B focused telecoms and technology
business which in FY22 generated pro-forma revenues of
approximately GBP8.5 billion and EBITDA of over GBP2 billion.
The formation of BT Business is expected to deliver at least
GBP100m of gross annualised savings by the end of FY25. These will
contribute to BT Group's previously announced target to deliver
GBP3bn in gross annualised savings across the same timeframe.
BT Business will continue to invest in the skills, technology
and partnerships required to achieve its ambition of returning to
growth and become the leading provider of secure multi-cloud
connectivity.
Bas will lead the new unit from 1(st) January 2023 and it will
commence reporting as a single unit from 1(st) April 2023.
The CEO of BT Enterprise, Rob Shuter, will support Bas with the
integration over the next few months and will then be leaving BT to
step down from executive life and spend more time with family and
on his personal interests.
Philip Jansen commented:
"Throughout the past two very challenging years, Bas and Rob
have provided outstanding leadership. Covid accelerated a shift in
the market as people and businesses changed the way they worked,
whilst macro-economic factors have disrupted supply chains and put
pressure on businesses and the public sector globally. Despite
this, we've made progress and our customer satisfaction scores have
improved, in some cases to an all time high. I am grateful to Bas
and Rob for laying the foundations that enable us to take this next
step in BT Group's transformation."
"Bas and the Global and Enterprise teams will now work out the
details of the integration over the next few months. I would like
to reiterate my thanks to Rob for his contribution to BT over the
last two years and wish him well for the future."
Ends
About BT
BT Group is the UK's leading provider of fixed and mobile
telecommunications and related secure digital products, solutions
and services. We also provide managed telecommunications, security
and network and IT infrastructure services to customers across 180
countries.
BT Group consists of four customer-facing units: Consumer serves
individuals and families in the UK; Enterprise and Global are our
UK and international business-focused units respectively; Openreach
is an independently governed, wholly owned subsidiary, which
wholesales fixed access infrastructure services to its customers -
over 650 communication providers across the UK.
British Telecommunications plc is a wholly owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on the London Stock
Exchange.
For more information, visit www.bt.com/about
Enquiries
Press office:
Tom Engel Tel: 07947 711959
Investor relations:
Mark Lidiard Tel: 0800 389 4909
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END
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