By Ian Walker

BT Group PLC said Friday that it plans to merge its global and enterprise units into a single B2B unit--BT Business--in a move that is expected to deliver annualized cost savings of at least 100 million pounds ($121.8 million) by the end of fiscal 2025.

The U.K. telecommunications company said the new unit will be lead by Bas Burger who is the current chief executive of BT's global unit.

"By combining the two units, BT Business will bring the group's combined assets, products, capabilities and brand to the service of all of our 1.2 million business customers who will benefit from faster innovation and delivery," Chief Executive Philip Jansen said.

"Bas is an excellent leader and I'm confident he will build on the plans already underway and drive the combined business back to growth."

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

December 16, 2022 02:28 ET (07:28 GMT)

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