BT's new CEO, Allison Kirkby, plans to double free cash flow, focus on UK market, divest global business unit, and cut costs by £3bn.
BT's new CEO, Allison Kirkby, aims to double free cash flow in five years and potentially divest the global business unit as BT focuses on the UK market. The company plans to further cut costs by £3bn, with 80% of the reductions coming from large projects like shutting down legacy services, scaling use of shared platforms and simplifying customer experience. BT has achieved its previous target of £3bn in savings a year ahead of schedule.
May 16, 2024
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