Summary Bullets:

• BT’s comments on its global future have been at best uncertain and have left significant room for speculation that a divestment is coming.
• BT also has plenty of reason to hang on to the BT Global division, including around 1,000 MNC customers, and it is investing in delivering global network-as-a-service (NaaS) capabilities from 140 PoPs.

Speculation over the future of the multinational corporation (MNC) unit BT Global (formerly BT Global Services) is not new. But recent comments in its financial results, for the year ending March 31, 2024, have set the fires of speculation a roaring once more. Speculation has been further stoked by a BT Focus 2024 analyst event that was both very UK-focused and again non-committal beyond several suggestions that it is exploring its options.* The winds of global competition are certainly blowing against service providers and that BT absolutely must consider its future go-to-market approach, but, despite a few missteps, BT has also been one of the more global service providers.

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