BT Group PLC (LSE:BT.A) has unveiled plans to combine its Global and Enterprise units into a single B2B unit, called BT Business, in a move that will drive cost savings of at least £100mln by the end of fiscal year 2025.
BT Business will create a B2B focused telecoms and technology business which in 2022 generated pro-forma revenues of approximately £8.5bn and EBITDA of over £2bn, the company said
“The combined unit will enhance value for all our B2B customers, strengthen our competitive position, and deliver material synergies," BT added.
The FTSE 100 listed telco noted the move would allow it to develop and deliver market-leading products and services for its B2B customers, create a single interface for corporate customers and public sector institutions as well as deliver the cost savings.
The latter would be achieved through consolidation and rationalisation of management teams, support functions, product portfolios and systems and will form part of the group’s plans to deliver £3bn in annual savings.
BT Business will be led by Bas Burger the current CEO of BT's Global unit.
in a statement, BT chief executive Philip Jansen said: "By combining the two units, BT Business will bring the group's combined assets, products, capabilities and brand to the service of all of our 1.2mln business customers who will benefit from faster innovation and delivery.”