BT warns of $470m global services charge

BT faces a charge against earnings of about $470 million from the company's suddenly struggling BT Global Services unit, the company announced.

The warning follows a review of the global services division, which until last year was regarded a key component for BT's future success.

But then-CEO François Barrault resigned after the group's performance was held responsible for the company missing its target last year.

The key problem now appears not to be revenue, but profitability from previously negotiated service contracts.

For more:
- The Associated Press filed this
report

Related news and analysis:

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.