BT Group, Britain's biggest broadband and mobile provider, reiterated its full-year outlook on Thursday as cost control and demand for broadband helped to offset inflationary pressures.
The group said its adjusted core earnings rose 5% in the first quarter to 2 billion pounds ($2.6 billion), in line with analyst forecasts.
Jansen said this month he would step down within the next year, a couple of years before the completion of his ambitious full-fibre roll-out.
Its shares are down 30% in the last year as the cost of building out new fibre and 5G networks, and the hit to free cash flow, weighed on the business.
BT said its Openreach network division was now 44% of the way through its full fibre build, with total fibre connections growing to 3.5 million.
Persons:
We've, Philip Jansen, Jansen
Organizations:
BT