BT Forms New Unit to Cover Business, Public Sector and Wholesale Services

By Adam Clark

BT Group PLC (BT.A.LN) said Wednesday that it is creating a new BT Enterprise unit which combines its current business-and-public sector and wholesale-and-venture businesses.

The British telecoms company said Gerry McQuade, its current chief executive of wholesale-and-ventures, will lead the new unit from May 1, and it will begin to report as a single entity from October 1.

BT Enterprise will provide products and services to small- and medium-sized businesses, the corporate and public sectors, and other communications providers in the U.K. and the Republic of Ireland, said the company. It will also include the growth incubator functions of the ventures business, said BT.

Current business-and-public sector CEO Graham Sutherland is leaving BT after five years on its executive committee and 12 years with the company overall, BT said.

"Having brought together our consumer and EE businesses, this is the next step in the simplification of BT's operating model," said BT CEO Gavin Patterson.

BT noted that its global services unit will continue to provide services to multinational companies within the U.K. and worldwide.

Write to Adam Clark at [e-mail]; @AdamDowJones

(END) Dow Jones Newswires

April 18, 2018 02:36 ET (06:36 GMT)

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