About BT Conferencing Video Inc.
The history of BT Group is the history of telecommunications. The company, formerly known as British Telecom and tracing its lineage back to the earliest days of the telegraph, provides phone, internet, and other data and IT services to customers in the UK and abroad. BT operates through several divisions: Corporate clients are served through its BT Global Services unit, BT Enterprise provides communications and IT services in the UK and the Republic of Ireland, and BT Consumer offers consumer fixed-voice and broadband services in the UK. BT's Openreach division is dedicated to building and operating the UK's telecom infrastructure, which it offers to other carriers on a neutral basis. BT generates majority of revenue from its home country.
BT divides its operations into four segments: Consumer, Enterprise, Global, and Openreach.
The BT Consumer segment generates around 45% of sales and offers provides broadband, TV, sports channels, and mobile services through the brands BT, EE, and Plusnet. The BT brand combines home phone, broadband, BT TV, BT Sport, and Mobile offerings. EE is the UK's largest mobile carrier, offering 4G and 5G to millions of UK customers. It operates over 600 retail stores.
The Enterprise segment serves small and medium-sized enterprises (SMEs) in fixed-voice and data, mobility, and IT services.
BT Enterprise accounts for over 25% of BT Group's revenue. BT Global Services, the group's enterprise telecommunications division, accounts for about 20% of sales. It provides voice and data communications, as well as managed network and IT services to corporate and public sector customers in around 180 countries. Openreach is the group's smallest segment with roughly 10% of sales.
Openreach owns and manages the UK's physical telecommunications infrastructure, which it is legally bound to allow rival telecoms operators to access for both retail and wholesale offerings.
Overall, BT generates around 40% of sales from its Fixed-Access Subscriptions followed by its Mobile subscriptions for more than 20% of sales. ICT & Managed Networks and Equipment and Other services account for almost 40% of sales combined.
Based in London, BT Group generates around 85% of its revenue at home in the UK. Internationally, it has staff in almost 60 countries worldwide and has customers in around 180, which together account for the remaining of sales. The firm also has a presence in high-growth regions in Asia Pacific, Latin America, the Middle East, and Africa.
Sales and Marketing
BT Group's customers are UK individuals; households; small, medium, and large businesses; public sector organizations; and companies around the world. Some of its customers are also its competitors, such as the major telecoms companies that pay to use its Openreach infrastructure. All told, BT Group serves more than 30 million consumers, over 1 million businesses, and around 4,000 multinational corporations.
BT has a sponsorship deal with the Football Association, meaning England's men's, women's, age-group, and disability national soccer teams will sport its logo until 2024.
Reported revenue was £22.9billion, down 2% and adjusted revenue was £22.8billionn, down 3%. This mainly reflects the impact of regulation, declines in legacy products, strategic reductions of low margin business and divestments.
Net income fell 20% to £1.7 billion in fiscal 2020, This was impacted by the higher upfront interest expense associated with IFRS 16 lease liabilities recognised on 1 April 2019.
BT Group's cash on hand fell £186 million during fiscal 2020, ending the year at £1.4 billion. The company's operations generated £6.5 billion, partially offset by its financing which used £807 million, and £5.7 billion used in its investing activities.
At the core of their strategy is the convergence of BT's leading network capabilities to provide unrivalled customer experiences. For large and global customers, work is already underway on a truly differentiated software-driven solution to deliver the modular, highly automated services required for success in today's digital economy.
BT have already progressed the sale of non-core parts of their business, such as BT Fleet Solutions and their IT business for the legal profession, Tikit. Internationally, as the company sharpen their customer focus on the leading transnational organizations, they are divesting some infrastructure no longer needed to deliver global services in the digital economy.
BT Group dates back to the 1840s and the early days of the telegraph. The UK government took control of the multitude of companies that sprang up and housed them under the Post Office government branch -- then a major department of government. The Post Office telecommunications activities were renamed British Telecom (BT) in 1980, and separated out from the Post Office -- by that point a nationalized industry rather than government department -- in 1981. BT was privatized in 1984 and the telecom market was opened to competition. British Telecom became BT in 1991. In 2005, Ofcom, the regulator, ordered the creation of Openreach, a BT Group company tasked with the management of the UK's telecom infrastructure and allowing unbiased access for rival telecom companies. The company acquired EE in 2016 and became the UK's biggest mobile network.
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