BT appoints insider to lead Continental Europe business

BT, Chet Patel

BT has promoted its Global Portfolio & Marketing President to lead its operations in continental Europe.

Chet Patel (pictured above) has been charged with picking up the pieces in the wake of the BT Italia scandal, which cost his predecessor his job last month.

The enterprise-focused opco was found to have been overstating the value of its earnings over a number of years.

Patel will begin his job on 1 March and report to BT Global Services CEO Luis Alvarez.

He has served as BT’s President for Global Portfolio & Marketing for the past 18 months.

Having joined BT as a graduate, he has also worked across the operator’s Consumer, Wholesale, Ventures and Global Services divisions.

Alvarez said: “Our customers across Europe look to BT and our Cloud of Clouds portfolio to help them accelerate their digital transformation.

“With a senior leader such as Chet Patel at the head of our operations in Europe, we know that they will benefit from the excellence in leadership, unmatched portfolio expertise and strong management skills that are required for long term sustainable success in a rapidly changing world.”

[Read more: Italy delivers a serious, but not mortal blow to BT’s fortunes]

The appointment was announced as BT revealed it is linking up the world’s five main foreign exchange (FX) locations with its new Radianz FX express offering.

Hubertus von Roenne, VP of Global Industry Practices at BT, said: “We’ve created managed BT Radianz FX express routes to boost the competitiveness of our financial services customers.

“With dedicated links within and between the world’s five biggest FX trading locations, BT can help FX firms lower costs while creating opportunities for international growth.”

More News

Nokia CEO “cautiously optimistic” as business improves in first quarter Nokia CEO “cautiously optimistic” as business improves in first quarter Nokia CEO Rajeev Suri said he was cautiously optimistic about the year ahead as he unveiled improving Q1 financials. More detail
Orange CEO says strategy is bearing fruit as he unveils Q1 figures Orange CEO says strategy is bearing fruit as he unveils Q1 figures Orange continued to improve its financial performance in the first quarter as sales and earnings rose. More detail
Vodafone and Proximus extend Belgium, Luxembourg agreement to 2022 Vodafone and Proximus extend Belgium, Luxembourg agreement to 2022 Vodafone and Proximus have renewed a strategic partnership that will see the two operators continue to offer joint products and services in Belgium and Luxembourg. More detail
Telia lowers Uzbek fine expectations, finally sells Tcell, as it reports Q1 numbers Telia lowers Uzbek fine expectations, finally sells Tcell, as it reports Q1 numbers Telia has said it hopes to pay less than anticipated for alleged corruption in Uzbekistan, as it finally sold off its opco in Tajikistan. More detail
KPN sees wholesale problems add to its business woes in Q1 KPN sees wholesale problems add to its business woes in Q1 KPN’s wholesale arm registered a double-digit decline in sales in the first three months of the year, although the operator made headway on improving its profits. More detail
    

@eurocomms