BT Group PLC (LSE:BT.A) shares were unmoved in early trading on Monday amid claims of an unexpected artificial intelligence bonus and a concession by its CEO it might look at options to unlock untapped value from its broadband unit.
Allison Kirkby, who took the helm last year, said in an interview that AI could allow the business to shrink beyond its current target of cutting up to 55,000 jobs by 2030.
The group previously outlined the reductions as part of a plan to become leaner and save £3 billion.
Kirkby also said BT may have to explore options for Openreach, its broadband infrastructure business, if the unit’s value continues to go unrecognised by the market.
While she prefers keeping Openreach in-house, she hinted a spin-off could be revisited once fibre rollout is complete.