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BT increases fibre network build target, suspends dividends on Covid-19 impact

2020-05-07 11:17:00| Telecompaper Headlines

(Telecompaper) BT Group has announced a rapid acceleration of its FTTP network build, setting a new target of reaching 20 million premises by mid-to-late-2020s, with a significant build in rural areas. This will be supported by a GBP 12 billion investment spend. The announcement was made as BT reported revenue of GBP 22.90 billion for the year to 31 March 2020, down 2 percent (reported basis) on the impact of regulation, declines in legacy products, strategic reductions in low-margin business and divestments. 

Tags: network build impact target

 

BT suspends 2.5bn dividend in wake of pandemic

2020-05-07 02:00:00| Total Telecom industry news

Last month, Orange became the first major operator to cut its dividend, reducing by 30% in the wake of coronavirus-related losses. Now, BT has announced that it will go one step further, scrapping both the last £1 billion dividend of 2019, as well as those of the coming financial year, projected to be worth around £…read more on TotalTele.com »

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Indiana Packers Corporation suspends operations in Delphi

2020-04-25 13:40:00| National Hog Farmer

To date, IPC has had a total of 15 confirmed COVID-19 positive cases.

Tags: corporation operations indiana delphi

 

Poly says sales better than expected, but suspends dividend to preserve cash

2020-04-15 17:40:00| Telecompaper Headlines

(Telecompaper) Poly announced sales have been better-than-expected in the past quarter on strong demand for its headsets and other products. While its backlog has grown, its main production site in Mexico was shut down this month, which could cause problems filling orders. The company has suspended its quarterly dividend and debt repayments in order to conserve cash and is starting a cost-cutting plan. 

Tags: to sales expected cash

 

PPB Temporarily Suspends Tow Releases and Fees

2020-04-08 21:34:30| PortlandOnline

Tags: releases fees temporarily tow

 

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