BT confirms GBP 1 billion cost savings target hit ahead of schedule

News General United Kingdom 1 NOV 2021
BT confirms GBP 1 billion cost savings target hit ahead of schedule

BT confirmed it has delivered on a GBP 1 billion annualised cost savings target 18 months ahead of its March 2023 target. The company will report its Q3 results on 04 November. 

The update was issued in response to weekend press speculation. The Sunday Telegraph reported that BT was now deciding whether to announce new targets straight away or wait until Altice UK, controlled by French businessman Patrick Drahi, is released from a binding commitment not to launch a takeover bid on 10 December. 

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