BT Sticks With Plan A
3:45 PM -- BT Group plc (NYSE: BT; London: BTA) CEO Ian Livingston has been putting on a brave face at the World Economic Forum meeting in Davos, Switzerland, according to a Reuters report.
The news agency reported Wednesday Livingston as saying the ongoing cost control issues at BT's Global Services division won't impact the carrier's spending plans. (See BT's Numbers Hit by Rogue Unit.)
According to the report, the CEO said BT was still planning to invest in fiber access in the U.K. and in its global (MPLS) network. (See BT Unveils $3B FTTx Plan.)
There'll be plenty of opportunity for Livingston to change his tune about potential fiber access investments, though: While just about every British politician with a soundbite addiction is talking about how "U.K. plc" needs to invest in next-generation broadband –- despite the potential cost -- BT has, since its hyped broadband investment announcement of last summer, attached certain conditions to its next-gen access spending, and those conditions have yet to be met. (See BT's FTTH Conceit.)
— Ray Le Maistre, International News Editor, Light Reading