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Share Price: 132.05
Bid: 132.05
Ask: 132.10
Change: -1.10 (-0.83%)
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Open: 133.30
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BT appoints Worldpay's Philip Jansen as new chief executive

Thu, 25th Oct 2018 07:10

(Sharecast News) - BT Group announced the appointment of Philip Jansen as its new chief executive on Thursday.The FTSE 100 telecoms giant said he would join the company and be appointed to the board as an executive director on 1 January and, following a handover period, would take over from Gavin Patterson as chief executive on 1 February.Jansen was joining from payments services group Worldpay, where he would be stepping down as co-chief executive at the end of the year.He has been chief executive of Worldpay since 2013, leading it through its flotation in 2015, until its combination with Vantiv earlier this year.Previously, he was CEO and then chairman of Brakes Group, and held a variety of senior roles in Sodexo Group, latterly as chief operating officer and CEO for Europe, South Africa and India.Earlier in his career, Janes was COO of MyTravel and managing director of Telewest Communications' consumer division.He began his career with Procter & Gamble."The board is delighted to have appointed Philip as our new chief executive," said BT Group chairman Jan du Plessis, calling Jansen a "proven leader with outstanding experience in managing large complex businesses"."Philip's strong leadership has inspired his teams, successfully transformed businesses across multiple industries and created significant value for shareholders."His most recent success at Worldpay, a technology-led business, means he is well suited to build on the solid foundations that are in place at BT," du Plessis added."I look forward to working with him to position BT at the heart of the UK's digital economy."Philip Jansen said he was "honoured" to be appointed as the next chief executive of BT Group, describing it as a "special company" with a "wonderful history" and a "very exciting future"."It has built a leading position across fixed and mobile networks, creating an opportunity to deliver increasing benefits for our customers, the UK economy and our shareholders."In a competitive market we will need to be absolutely focused on our customers' needs and pursue the right technology investments to help grow the business."I'm excited to get to know all the people at BT and work together to take the business forward."Gavin Patterson would continue to serve as chief executive until 31 January , the BT board confirmed.In respect of the transition period, Jan du Plessis thanked Patterson for his continued leadership of the business, as well as his commitment and "the good progress" made in recent months."To ensure an orderly leadership transition and handover, Gavin and Philip will work together during January, with Gavin presenting our third quarter results on 31 January, before handing over to Philip on 1 February."
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24 May 2023 11:22

UK's Ofcom allows Openreach to cut prices

(Sharecast News) - Britain's telecoms regulator has allowed BT to cut wholesale prices at its Openreach networking arm, despite claims from competitors that it would give the company an unfair advantage.

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24 May 2023 09:29

Britain allows BT to discount wholesale fibre broadband

LONDON, May 24 (Reuters) -

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24 May 2023 08:51

Ofcom signs off on BT unit Openreach's Equinox 2 scheme pricing in UK

(Alliance News) - BT Group PLC unit Openreach's Equinox 2 scheme has overcome a potential regulatory hurdle.

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24 May 2023 07:09

Britain allows BT to offer wholesale fibre broadband discounts

LONDON, May 24 (Reuters) - Britain's telecoms regulator Ofcom said on Wednesday it would allow BT to offer new discounted wholesale fibre pricing to broadband providers as it did not consider the scheme to be anti-competitive. (Reporting by Paul Sandle; Editing by Kate Holton)

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23 May 2023 11:22

Patrick Drahi's Altice adds to BT stake a week after lay-off plans

(Alliance News) - Billionaire telecom tycoon Patrick Drahi's Altice UK Sarl on Tuesday said it has bought more shares in BT Group PLC, less than a week after the telecommunication company announced plans for major job cuts.

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23 May 2023 10:24

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LONDON BROKER RATINGS: RBC cuts abrdn European Logistics Income

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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23 May 2023 09:13

Drahi boosts stake in BT to 24.5%, will not make an offer

Drahi's Altice ups stake from 18% to 24.5%

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23 May 2023 08:11

TOP NEWS: Patrick Drahi's Altice ups BT stake to almost 25%

(Alliance News) - Billionaire telecom tycoon Patrick Drahi's Altice UK Sarl on Tuesday said it has bought more shares in BT Group PLC, taking its stake to about 24.5%.

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23 May 2023 08:02

Altice ups stake in BT to 24.5%

(Sharecast News) - Altice said on Tuesday that it has upped its stake in British telecommunications firm BT Group to 24.5% but insisted it does not plan to make a takeover offer.

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23 May 2023 07:57

LONDON BRIEFING: Stocks lower; Altice ups BT stake to 24.5%

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LONDON MARKET CLOSE: European stocks underwhelm amid US debt drama

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22 May 2023 10:11

Citi adds BT Group to 'European Focus List', reiterates 'buy'

(Sharecast News) - Citi reiterated its 'buy' rating on BT Group on Monday and added the shares to its 'European Focus List', "because of its deep value, and as it is a clear beneficiary from improving regulatory and market conditions".

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(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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