Plus   Neg

BT Says No Longer Retain Separate Ventures Unit Within Enterprise

BT Group plc. (BT_A.L,BT) said Monday that it will no longer retain a separate Ventures unit within Enterprise. The company's reported Group financials are unchanged.

The company sated that pro forma financial and operational key performance indicators or KPIs for 2018/19 and 2019/20 published in a new reporting structure which will apply from the first-quarter 2020/21.

After the divestment of Tikit Ltd, together with the sale of BT Fleet Ltd, the remaining Ventures businesses have been reorganised from the first-quarter of 2020/21 to reflect the renewed focus in Enterprise on delivering the best fixed and mobile network services in the UK and to simplify the business, the company said.

The company noted that remaining Ventures businesses, which include Redcare, Phone Book, StreetHub and Payphones, have been retained within Enterprise and will be reported in 'Other' revenue.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Despite the coronavirus pandemic, retailers are prepared for an early start to the holiday shopping season by offering discounts earlier so that consumers can buy and receive the gifts they want in time, the National Retail Federation or NRF said. The NRF also said it is launching a nationwide consumer education campaign called "New Holiday Traditions". Facebook (FB) has revealed new messaging features for Instagram, which will make it easier for users to stay in touch with others across Facebook's family of apps. The main change is that people using the Messenger app can now reach Instagram users, and vice versa. The users can control where they receive... Regeneron Pharmaceuticals, Inc. announced positive first data from a descriptive analysis of a seamless Phase 1/2/3 trial of its investigational antibody cocktail REGN-COV2 in COVID-19 patients. REGN-COV2 rapidly reduced viral load and associated symptoms in infected COVID-19 patients. The company said it plans rapidly to discuss results with regulatory authorities.
Follow RTT