Early signs look promising for new boy Patterson [London Evening Standard]
(Evening Standard (London, England) Via Acquire Media NewsEdge) Oct. 31--There are lots of things that Lord Livingston managed to do during the time he was leading BT but growing the top line was latterly not one of them.
So far, Gavin Patterson _ his replacement of seven weeks _ hasn't managed it either.
But the early signs are that the group's sporting gamble might be just the catalyst it needs to shed the tag of being the incredible shrinking telecoms giant.
The markets had a wobble when Livingston announced in June that he was quitting for a government trade role, precisely because BT was spending heavily to take the game to BSkyB.
In Patterson, whose background is in marketing, they have little reason to worry.
But in time he might like to turn his attention to the wider group.
The last departing BT boss, Ben Verwaayen, was feted for building up a global services arm that runs networks for corporate customers _ until a black hole emerged.
Global services is still there, but contributing 38 percent of revenues and a skimpy 14 percent of profits in the quarter, some might start to question what the point of it is.
(c)2013 London Evening Standard
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