BT cuts 2,000 jobs in cost-slashing plan and it says it's expanding 5G

Telecoms giant BT has cut 2,000 jobs to slash costs but also says it will be investing in full-fibre and expanding its 5G network. The group reported a 10% drop in pre-tax profits to £967 million for the six months to September 30 as revenues fell 3% to £10.1 billion. It now expects annual revenues to fall by 1 percent to 2 per cent, blaming trading outside the UK and reductions to sales of less profitable kits. It also flagged a weaker performance in the corporate and public sector and...