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BT Group has installed confidence it can deliver growth after earnings came in higher than expected, leaving it on course to significantly improve cashflow over the coming years.
Markets remain wary about BT’s ability to hit its targets as it continues to invest in full-fibre broadband and 5G services.
AT&T has sold several businesses over the past year as it shifts its focus on its core 5G and broadband operations.
BT Group is aggressively cutting-costs, protecting itself from inflationary pressure and aiming to more than double cashflow by the end of the decade.