BT's Rake Says Recovering Well After Italy Scandal

The video features a discussion with BT Group chairman Mike Craig about BT's recent challenges, including a profit warning and a sophisticated fraud in Italy. The conversation covers BT's progress in fiber rollout, content acquisition, and the deal with Ofcom regarding Openreach's legal separation. The chairman emphasizes the importance of co-investment and competition in the telecommunications market, addressing concerns about BT's market position amid growing competition.

What major challenge did BT face at the start of the year?

• A profit warning and fraud incident

• A merger with a rival company

• A significant drop in customer base

• A decline in fiber optic technology

What was the purpose of BT's legal separation deal with Ofcom?

• To merge with another telecom provider

• To increase transparency and competition

• To reduce the number of employees

• To expand into international markets

What is BT's stance on co-investment with other telecom providers?

• They have not considered it

• They support it to enhance competition

• They are neutral about it

• They are against it

How does BT view the competition in the UK telecom market?

• As a minor inconvenience

• As a threat to their business

• As an opportunity to improve efficiency

• As a reason to exit the market

What did Citigroup recently do regarding BT shares?

• Sold all their shares in BT

• Recommended a buy due to market potential

• Downgraded them due to competition concerns

• Upgraded them due to strong performance