NEW YORK CITY (dpa-AFX) - BT Group PLC (BT, BT_A.L, BT.L), a British telecom holding company, said on Monday that it has revised down its annual guidance to reflect the company's planned 50:50 joint venture with Verizon Communications Inc.(VZ) to combine their respective international operations to form a new company focused on multinational connectivity.
For fiscal 2027, excluding BT International, BT Group now expects adjusted EBITDA of £8.1 billion to £8.2 billion, compared with the earlier outlook, which includes BT International, of £8.2 billion to £8.3 billion.
Excluding BT International, BT Group now expects adjusted revenue of £17.1 billion to £17.6 billion, compared with the earlier expectation, which includes BT International, of £19 billion to £19.5 billion.
For fiscal 2026, the company had reported adjusted EBITDA of £8.2 billion, on adjusted revenue of £19.6 billion.
Excluding BT International, the Group now anticipates capital expenditure, which also excludes spectrum, of £4.2 billion to £4.3 billion, compared with the earlier outlook, which includes BT International, of around £4.3 billion.
BT Group, however, reaffirmed its annual total dividend growth guidance and still expects low-to-mid-single-digit growth.
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