Thomas Seal

Vodafone Group Plc’s biggest shareholder said it’s considering increasing its stake to ensure it has influence over the British telecommunications company’s future.

Vodafone Group Plc said that the chief executive officer of Emirates Telecommunications Group Company PJSC, its biggest shareholder, will join the board as its Emirati backers gain more sway over the company’s strategy.

Vodafone Group said that the CEO of its biggest shareholder will join the board as its Emirati backers gain more sway over the company’s strategy.

BT Group Plc said it plans to cut its labor force, including employees and contractors, by as much as 42% over the next seven years as it works to reduce costs.

(Bloomberg) -- BT Group Plc said it plans to cut its labor force, including employees and contractors, by as much as 42% by the end of the decade after the UK’s biggest network operator completes its nationwide fiber-optic rollout. Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost Ship Antigua Is Desperate to UnloadJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsSi

BT Group Plc, which announced plans to cut 55,000 workers by the end of the decade, said about 10,000 of those cuts will be related to digitization, automation and AI.

(Bloomberg) -- BT Group Plc said it plans to cut its workforce by as many as 55,000 people by the end of the decade, after the UK’s biggest network operator completes its nationwide fiber-optic rollout. Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutZelenskiy Meets With India’s Modi on Sidelines of G-7 SummitThe company’s workforce wil

Billionaire French entrepreneur Patrick Drahi increased his stake in BT Group Plc to 24.5% from about 18%, tightening his grip over the London-based telecom giant.

BT Group Plc was dumped from a lucrative €458 million ($494 million) European Union contract to handle sensitive communications between the bloc’s governments amid a dispute over the British firm’s potential access to EU secrets following Brexit.

The UK’s telecommunications regulator Ofcom said it won’t stop BT Group Plc, the owner of the country’s only national broadband network, from rolling out a new pricing plan that had dawn criticism from competitors.