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BT Sourced reports revenues of £122 million in maiden results

The BT-owned standalone procurement company had pre-tax revenues of £100 million

BT, Britain’s largest fixed-line and mobile operator, has customers in 180 countries. Picture: Getty

BT Sourced, an Irish-headquartered standalone procurement business owned by the telecoms giant BT Group, reported revenues of £122 million (€137.8 million) in its maiden set of results, with pre-tax revenues totalling £100 million.

The business was established in 2020 to manage BT’s global procurement need as part of a restructuring programme aimed at delivering savings of £2 billion by 2025. BT Sourced, which has a £13 billion annual budget, announced 100 jobs in Dublin in ...