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BT Scraps Dividends to Support Fiber Rollout Through Virus

  • Move gives CEO more breathing room to face multiple challenges
  • Merger of two big rivals raises the pressure on BT’s Jansen
BT Engineer At Work As Operating Profit Climbs

Photographer: Chris Ratcliffe/Bloomberg

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BT Group Plc scrapped dividends for two years after the coronavirus dashed hopes of a return to growth next year and it set aside more cash to accelerate a national fiber network rollout. Its shares tumbled as much as 12%.