Gavin Patterson

BT announces increase in core earnings

BT announced a 1% rise in core earnings for the first quarter thanks to stronger handset margins in its consumer business and restructuring-related cost savings. Adjusted EBITDA came to £1.80 billion (€2 billion), up from £1.785 billion a year earlier, despite underlying revenue dropping 2% year-on-year to £5.716 billion. BT attributed the revenue decline to […]

BT CEO Gavin Patterson to step down later this year

BT Group chief executive Gavin Patterson is due to step down later this year with the company claiming new leadership is needed following recent poor results. BT said it expects to have a new CEO in place during the second half of the year with Patterson set to continue in the role until a replacement […]

BT shareholders mobilising as disquiet with CEO grows

BT shareholders have reportedly asked to meet the UK telecom operator’s chairman over concerns about the company’s leadership under CEO Gavin Patterson. According to the Financial Times, investors have asked for meetings with Jan du Plessis to discuss Patterson’s future after a series of reverses led to a long decline in BT’s share price this […]

BT will not invest in drama, says CEO

BT will not go down the route followed by Telefonica and some other telecom players and invest in original drama, preferring to maintain its existing exclusive focus on sport, according to CEO Gavin Patterson. Speaking at Mobile World Congress in Barcelona yesterday, Patterson characterised sport as a market-specific type of content and said that fiction, […]

Ofcom: BT must open up but not separate from Openreach

BT must open up its Openreach infrastructure arm to competitors, but for now will not be forced to shed the unit entirely, according to Ofcom. Publishing the initial conclusions of its review of digital communications, the UK broadcast regulator said that it is necessary to overhaul Openreach’s governance and strengthen its independence from BT. Openreach should […]

BT faces ‘signficant headwinds’ in TV, says Patterson

BT faces “significant headwinds” in growing its TV base despite its strong showing last quarter, according to CEO Gavin Patterson. Speaking to analysts after BT announced it had signed up an additional 97,000 TV customers in the quarter to December, Patterson said that the company had benefited from its acquisition of Champions League rights, which had […]

BT pledges ‘ultrafast’ broadband to 10m homes by 2020

BT has outlined its vision for ‘Britain’s Digital Future’, including a commitment to provide “ultrafast” broadband speeds of 300-500Mbps to 10 million premises by the end of 2020. Speaking at BT’s Delivering Britain’s Digital Future conference in London, BT CEO Gavin Patterson reiterated the company’s earlier pledge to provide Ultrafast broadband to “the majority of […]

BT ‘prepared for fight’ as Virgin Media rolls out Lightning

BT is “prepared for the fight” over broadband and quad-play with Virgin Media as the cable operator embarks on its Project Lightning expansion of high-speed broadband to four million additional homes in the UK, according to CEO Gavin Patterson. Speaking to analysts after the company released full-year results at the end of last week, Patterson […]

BT TV continues strong growth

BT’s TV business has continued to boost the company’s revenue and profit in its fourth financial quarter. BT added 52,000 TV customers in the fourth quarter, taking its total TV subscriber base to 1.14 million. BT Sport did contribute to a significant increase in capital expenditure of 47% in the quarter, reflecting both the continued […]

BT gears up for next Premier League auction

BT is reportedly considering a bid for all Premier League football rights at the next broadcast rights auction, which is expected to begin as early as the end of this year. Speaking to the Financial Times, BT CEO Gavin Patterson said: “We can go for same as today or potentially go up to bidding for everything. There […]