BT to consolidate U.K. offices, sell 90% of its real estate

The new "future-fit" offices will be outfitted with 5G connectivity and fiber connections, BT said. (BT)

Financially-beleaguered BT will shutter 270 of its 300 offices across the U.K. over the next five years in hopes of saving some £1.5 billion ($1.9 billion) in expenses. The company plans to keep just 30 offices open, and sell about 90% of its current real estate.

 

BT announced the first eight locations for its new consolidated offices as part of what BT is calling the “Better Workplace Program,” which was first announced in May 2018. The offices will be located in Belfast, Northern Ireland; Cardiff, Wales; Edinburgh, Scotland; Bristol, Birmingham, Manchester and Ipswich in Adastral Park, London.

eBook

Get the keys to unlock the full potential of 5G

Are you prepared to navigate the maze of challenges involved in deploying 5G infrastructure? F5 can guide you past the pitfalls and help you unlock the full promise of 5G. Download this whitepaper to learn how to navigate this challenge.

 

Most of those locations coincide with BT mobile phone arm EE’s first wave of 5G network launches. The new consolidated offices will be outfitted with 5G connectivity, fiber connections and will be “future-fit buildings,” the company said.

 

RELATED: EE to launch first commercial 5G networks in U.K. May 30

 

BT is also planning to move its London headquarters out of the St Paul's building, which the company has occupied since 1874.

 

The company has struggled in recent years amid increasing competition in the U.K. wireline market, a £500 million ($636 million) fraud scandal, an £11.3 billion ($14.37 billion) pension deficit, and a record-setting £42 million ($53 million) fine from U.K. regulator Ofcom for delays in network upgrades, according to BBC. Gavin Peterson, former CEO of BT and 14-year veteran of the company, was ousted by shareholders and replaced by Philip Jansen in October 2018.

 

BT is also cutting 13,000 employees from its payroll, two-thirds of which will come from U.K. offices.

 

 

Read more on

Suggested Articles

Global Data principal analyst Ed Gubbins thinks more real-world activity like this could help Nokia get skeptical operators on board with vRAN.

Keysight Technologies recently announced that it has joined the multi-party 6G Flagship Program supported by the Academy of Finland and led by the University…

A new investigative study by the Chicago Tribune found some models of smartphones tested above the legal limit for RF radiation exposure. Device makers,…