Public-sector cuts will not hurt us too much says BT
Sector:Central Government Date Created:Fri 30th Jul 2010, 10:15:34 Source:The Scotsman Link:http://www.scotsman.com
Telecoms major BT does not expect to be overly damaged by looming public-sector spending cuts and yesterday repeated its full-year guidance.
The group said UK government contracts made up about 10 per cent of total revenues but added it was confident it could work to find savings.
Its comments came a week after rival Cable & Wireless Worldwide warned it had already been hit by a slowdown in the sector.
