Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BT Group plc    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

BT : Our intention to establish a ProcureCo

11/10/2020 | 09:41am EST

BT Group intends to set up a standalone procurement company. Cyril Pourrat, our Chief Procurement Officer, has written to our largest suppliers to let them know about this proposal:

Subject: Our intention to establish a ProcureCo

Dear supplier,

As you are aware, BT is going through a root and branch process to modernise and simplify the way we do business. We want to create a BT that's easy to do business with, whether you are buying services from us or selling to us.

Procurement is a core part of this and will play a major role in helping the Group achieve its £2 billion savings target by 2025 through our modernisation and simplification programme.

As part of this modernisation programme, we plan to set up a new procurement company (or a 'ProcureCo') which will operate as a standalone entity from the rest of the organisation and radically change our existing procurement capability. In addition, we'll be simplifying processes and introducing breakthrough AI-powered digital technology so we'll truly be best in class.

We have today informed our colleagues of this proposed change and I wanted to be in touch with you to ensure you are also aware of these plans.

The ProcureCo will be led by me and based in Dublin, which has established itself as a hub for many 'Big Tech' businesses as well as start-ups.

We have a number of steps to work through internally, including a consultation process with our colleagues, and we will be back in touch with a further update as this process evolves.

For now, there is no change to your dealings with BT. We are working through all the details and please be assured that we will communicate with you to let you know of any specific changes - and with plenty of advance notice.

We are very excited about the prospects of this new ProcureCo and we look forward to our future dealings with you and to strengthening the relationship between your business and BT.

If you have any questions at this point, please do get in touch with me directly. I will gladly answer them as best I can, although please do keep in mind that we won't have all the answers today as we work through the details with our people.

Regards,

Cyril

Cyril Pourrat

Chief Procurement Officer, BT Group

Disclaimer

BT Group plc published this content on 10 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2020 14:40:01 UTC


© Publicnow 2020
All news about BT GROUP PLC
01/19BT : adds to ‘Lockdown Learning' support scheme by removing mobile data ..
PU
01/18MARKET CHATTER : Boris Johnson To Discuss Regulatory Reforms With 30 Business Le..
MT
01/18BT : Refutes $813.8 Million Lawsuit For Allegedly Failing To Compensate Overchar..
MT
01/17BT : statement on Class Action claim from Mishcon de Reya
PU
01/17BT : responds to Class Action claim from Mishcon de Reya
PU
01/17BT : responds to Class Action claim from Mischon de Reya
PU
01/17BT : faces 600 mln-pound compensation claim over fixed-line prices
RE
01/15BT : UBS Downgrades BT To Sell From Neutral, Cuts Price Target
MT
01/14BT : Customers must be able to trust network claims
PU
01/11BT : Establishes New Digital Unit to Guide Innovation in Healthcare, Data
MT
More news
Financials
Sales 2021 21 426 M 29 252 M 29 252 M
Net income 2021 1 479 M 2 020 M 2 020 M
Net Debt 2021 18 689 M 25 515 M 25 515 M
P/E ratio 2021 9,37x
Yield 2021 -
Capitalization 13 592 M 18 507 M 18 557 M
EV / Sales 2021 1,51x
EV / Sales 2022 1,51x
Nbr of Employees 105 300
Free-Float 86,2%
Chart BT GROUP PLC
Duration : Period :
BT Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BT GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 163,38 GBX
Last Close Price 138,10 GBX
Spread / Highest target 113%
Spread / Average Target 18,3%
Spread / Lowest Target -45,7%
EPS Revisions
Managers and Directors
NameTitle
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Jan Petrus du Plessis Chairman
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Howard Watson Chief Technology & Information Officer
Iain C. Conn Senior Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BT GROUP PLC4.42%18 531
VERIZON COMMUNICATIONS INC.-2.33%237 444
CHARTER COMMUNICATIONS, INC.-4.93%125 703
NIPPON TELEGRAPH AND TELEPHONE CORPORATION2.82%96 964
DEUTSCHE TELEKOM AG0.74%85 579
SAUDI TELECOM COMPANY6.79%61 898