BT Group News

Visitors to Macdonald Hotels & Resorts across the UK will be able to use high-speed wireless internet access through BT Openzone.

U.K. cableco's new finance chief says company also keen to lift ARPU, subs numbers.

Plenty of big mergers and big partnerships are happening in the data-center field, but Riverbed Technology Inc.

The unified conferencing partnership announced today by BT Group plc and Polycom Inc.

"This and the increased pension liability drive a downgrade to our valuation," wrote analysts at J.P. Morgan.

By Hamish Rutherford BT SHARES rose to their highest level in more than a year yesterday, after the firm increased its cost-cutting programme and raised its dividend forecast.

If a telephone company had a heart, Google Inc. would be inspiring terror in it.

BT has revealed that the deficit of its final-salary pension scheme has more than doubled in the past six months from 4bn to 9.3bn. The deficit has increased sharply because its assumed cost of providing pensions in the future has risen dramatically under UK accounting rules.

BT is set to increase its cost-cutting drive by 500m as it revealed profits had sunk almost 50 per cent in the second quarter, yet management was more upbeat about prospects for next year.

Is the company now generating enough cash to invest in telecoms infrastructure, service its borrowings of almost A 10bn, pay its shareholders a dividend reliably and a ' critically a ' keep its pension fund deficit under control? Can it be true? Does the maths at BT finally make sense? Is the company now generating enough cash to invest in telecoms ...

BT Group on Thursday stepped up its cost-cutting plans and lifted its revenue outlook as a tax gain helped the U.K. telecoms company report a 13% rise in its second-quarter profit.

BT Group and British Airways outperformed a mildly higher London equities market Thursday, as investors welcomed earnings from the telecom operator while pushing up shares of the airline amid speculation that it could be close to merging with Spain's Iberia.

Photograph: Gabriel Szabo/Newscast BT is slashing costs as it battles the continuing economic gloom, raising fears of further job losses, after reporting a drop in revenues across its business.

Outlook Not a bad day for Ian Livingston, CEO at BT. His elevation to the top job at the telecoms giant in June 2008 was something of a hospital pass: within months he had to issue a shock profits warning after a disastrous performance from BT's Global Services division, and a series of other problems also loomed large.

Telecommunications company BT Group PLC on Thursday reported that net profit fell 29 per cent in the second quarter but upgraded its full-year guidance and said it was making good progress in reducing costs.

BT Key points for the second quarter: -- Revenue of 5,122m pounds Sterling, down 3%, or 6% excluding foreign exchange movements and acquisitions -- Adjusted EBITDA of 1,436m pounds, up 2% reflecting progress in all lines of business -- Continued improvement in BT Global Services with adjusted EBITDA of 95m pounds, up 53% on the first quarter -- ...

BT Group gained in a weaker day for British shares on Thursday, as investors welcomed forecast-beating earnings from the fixed-line-telecom operator.

British telecoms operator BT Group said today that net profits and sales dipped in the first half of its financial year, and it announced plans to ramp up its aggressive cost-cutting plans.

BT's rivals could be forced to help to shoulder the telecoms company's huge pension deficit after a review by the regulator.

DESPONDENT internet users in Hambleden valley who are desperate for broadband have said it is a oepreposterousa they have been left stranded.