Tuesday, February 8, 2011

BT offers public Wi-Fi services for London Olympics

BT has come up with a plan of offering the London Organisation Committee of the Olympic Games(LOCOG)offering the Public with Wi-Fi services, that allows them to cover and the enjoy the Olympic Park during the games in 2012. The telecom giant however do not have the official remit to cover the games however, the better internet services, will thus help the cheer and excitement of the games grow manifold and also reduce the pressure on the mobile operators. As the spokesperson for BT, Stuart Hill, the Vice President and director at London Games 2012, said that there are talks going on internally for providing the BT Wi-Fi network at the Olympics with the LOCOG and the decision should be reached by the coming three to four months.

Hill also added, that BT has also plans for providing other VIPs, dignitaries and celebrities, with special Samsung handsets with BT sim cards for accessing the internet and Wi-Fi services, thus to enjoy the games to the fullest. Thus offering with the dedicated mobile network, it would not have any other issues of the coverage at large, thus making the games and its other information and excitement to catch without any hassles. Hill also added that after the games, BT network are also working towards leaving the fibre wires in place thus helping to reach their targets for the homes and other surrounding areas at a faster speed thus achieving its target of providing fast internet to all the household at much quicker speed. This area also includes the athletes’ apartment which will then be considered for normal apartments thus making it the first fibre-to-the-premises household in the UK.

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Previous Post : Ian Livingston gets BT back on track

Ian Livingston gets BT back on track

BT has had a hard time in the during the past years due to its falling share prices and increasing competition. It was in a state of turmoil for the past two years leading to around 30,000 layoffs and several cut downs. While the world was not over the fall of the Lehman Brothers, Ian started to smell the rat at the BT global services. All did not seem well and the records showed a declining graph in the financial sector in the most profit generating area. The panic struck at the BT household, and Ian had to maintain the composure at the telecom giant to prevent it from a fall. But things continued to be on a downfall, until it recorded a loss of £1.9 and marked towards its first loss since its privatisation year in 1984.

During the years, of Ben Verwaayen, the predecessor of Ian Livingstone, BT seemed to enjoy its glory with by bagging several contracts in the area of consumer goods with the hold of consumer product giant Unilever. However, it could not quench its thirst and divulged in the area without any sense of loss or profit. The expenses were on an all time rise and to add to this the Global services boss, Francois Barrault flew around 3,000 employees in Las Vegas for a sales conference where he introduced them with the Neil Armstrong concept to lead BT to the moon. All these steps of generosity by BT towards its customers however failed to deliver the results in terms of profits that the BT has expected to achieve. All this overheads were spawned by Livingstone to get BT back to its holding, which he started by axing around 30,000 of its employees, resulting in one of the major job layoffs during the period. Barrault, who walked away with around £2.8 million was also amongst the ones to be discharged.

BT laid its agenda to contribute at least £100million cashflow from Global services, and Ian managed to achieve this target well 12 months before schedule. With their restructuring plans, BT has also managed to reform the crippling pension plans. BT has also managed to regain its momentum by boosting its connection through broadband and has managed to achieve a rise of around 545,000 new additions by the October and December forming the highest proportion from the past eight years. Its next plan of launching the YouView, the concept of bringing pay-TV to the masses. But to regain its position as the superior, it still needs to struggle its way long.

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Previous Post : BT on a rise with growing Broadband demands

BT on a rise with growing Broadband demands

BT was a on a roll during this year as its services were on an all time high during the last quarter of the year. They experienced a humongous eight year high in the final three months with profits of more than half a million pounds to boost about. The company is said to have added around 356,000 users in the three months till the December 31, from its BT network of Sky and Talk Talk as compared to 253,000 which it gained in the previous quarter. Of this record, the 53% was added by BT’s own broadband network adding up to 188,000 users, which the highest count of the new connections since 2003.The contribution was also made by the BT Vision, BT network’s broadband Television service, by adding 40,000 connections in the last quarted, preceded by 24,000 new additions in the previous three months thus making a total of 545,000 in all.

All these new additions reported a rise of 30% which is £530 million in pre-tax profits towards the last three months till the 31st of December. BT has managed to drive itself towards the profit graph after the efforts of its chief executive Ian Livingston, which concentrated mainly on job layoffs, labour saving and other methods to reduce the overheads inorder to cut down the expenditure. Their step to employing fewer contracts and third party solutions was also headed with the motive to drive towards the betterment of the company and increase profit margins. BT outwitted its rival competitor Virgin Media, who managed to add about 35,000 new customers to its cart during the quarter of September. It has also outperformed the city expectation for pre-tax profits of upto £495 million. However, with all the rise, BT also faced a 3% decline in the revenues for its call and landline services by upto £5 billion which it expects to gain momentum by the year 2012/2013. As said by its chief executive, Ian Livingston, BT has experienced a good share of growth in the BT Retail with its perk at having the highest proportion of sharing in the past eight years. The BT shares in the FTSE 100 Index also experienced a boom by 3% during this period.

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