BT says Labour’s budget will cost company £100m
Total Telecom
NOVEMBER 8, 2024
The UK incumbent reported a 3% decline in revenue, primarily driven by issues in non-UK operations and a competitive retail environment. This was “primarily due to lower revenue, higher specific costs and higher net finance expenses,” the company explained. Reported profit before tax sits at £1 billion, down 10%. Openreach passed 2.1
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