BT confirmed its full-year outlook after first-half revenue rose 1% year over year to £8.8 billion (≈ $11.8 billion) and adjusted EBITDA rose 1% to £4.1 billion (≈ $5.49 billion). BT also said its FY27 outlook excludes the impact of its planned acquisition of TalkTalk (via Light Reading).
CEO Allison Kirkby said the company’s proposed international joint venture with Verizon is progressing at pace. She also said BT is stepping up for the country through the TalkTalk acquisition, which she said is intended to protect millions of customers and create value for stakeholders.
First-half lift came from handsets and lower costs
BT said higher handset revenue in its Consumer division helped drive first-half revenue growth. The company also said lower staff costs more than offset the decline in voice revenue, which kept the half-year trend moving in the right direction even as legacy pressure remained in the mix.
TalkTalk sits outside FY27 outlook
BT said its FY27 outlook excludes the impact of the planned TalkTalk acquisition. That means the guidance BT is holding out now does not yet fold in the operational and financial effects of that deal.
What it means for U.S. buyers
For U.S. enterprise network teams tracking carrier partnerships, BT’s Verizon joint venture remains a live commercial signal, but the company is not yet describing final terms in this update. The TalkTalk exclusion from FY27 outlook also shows how pending acquisitions can sit outside near-term guidance until integration assumptions are locked down.
Droam Perspective
For telecom strategists, BT is showing enough operating stability to keep guidance intact while still leaving the biggest strategic moves unpriced in the outlook. That combination gives rivals little room to read the half-year numbers as a clean proxy for the post-deal shape of the business.
Dollar amounts marked ≈ are approximate conversions at reference rates (£1 = $1.34).