VMware has named its new CEO Rakuten Mobile hits 4.1 million subs but reports big losses It’s a big numbers day in the telecoms industry, with investments and the impact of the Covid-19 pandemic hacking away at operator numbers. BT is in bullish mood despite coming out the back of a tough financial year, during which revenues dipped by 7% year-on-year to £21.3 billion and adjusted earnings (discounting one-time items) fell by 6% to £7.4 billion, numbers that dragged the operator’s share price down by 6.6% to 158 pence on the London Stock Exchange. “BT comes out of this challenging year as a stronger business with an even greater sense of purpose,” noted CEO Philip Jansen.