BT announced outgoing MTN President, and CEO Rob Shuter as its new Enterprise chief, as the operator reported declines in fiscal Q1 revenue and profit on a drop in takings from businesses and a consumer hit due to a lack of live sport.
During its investor call for the three months to end-June, CEO Philip Jansen said BT had been resilient “in the context of everything going on around us”. Net profit was down 11 per cent year-on-year to £448 million and revenue fell 7 per cent to £5.2 billion.
Its Consumer division, which includes mobile operator EE alongside its residential fixed and broadcast units, was hampered by a fall in sport revenue and closure of retail stores caused by Covid-19 (coronavirus) lockdown measures.
BT added the pandemic would continue to impact the division citing “lower roaming and pay-as-you-go revenue, sport revenue from pubs and clubs, and more price-conscious customers”.
BT Group is a British multinational telecommunications holding company that has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services.
In March, MTN, Africa’s largest mobile operator, stated Shuter will leave the company at the end of his contract in March 2021. MTN appointed Shuter as its group president and CEO in 2016 but he only took up his role in 2017.
Prior to joining MTN, he served as CEO of Vodafone’s European cluster as well as being CEO of Vodafone Netherlands. In a statement, BT says Shuter is currently group president and CEO of MTN Group, Africa’s leading mobile telecommunications company with 250 million customers across 21 countries in Africa and the Middle East.
Philip Jansen, BT Group chief executive, says: “I’m delighted to welcome Rob to BT. He brings a wealth of international telecoms experience and has a track record of driving innovation in business and consumer markets.
“This will make him ideally suited to drive forward the support we provide to UK businesses and public sector organisations. The UK’s economic recovery will depend on their success and BT wants to play a key part in supporting these critical parts of the economy.”
“I am looking forward to joining Philip and the broader BT team. BT Enterprise has a key role to play in delivering the BT ambition of becoming the world’s most trusted connector of people, devices and machines, and I am excited to be part of that journey,” says Shuter.
Shuter would take the role of BT Enterprise CEO, replacing the retiring Gerry McQuade. The switch is set to take place before the end of the current financial year (end-March 2021).
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