BT Shares Fall on reports of Write Down of NPfIT projects
BT shares fell four per cent on reports of a huge impending write down on the value of contracts at its Global Services arm and a potential further 10,000 job cuts.
The write-down is thought to relate to 15 of BT’s 17 biggest contracts, including millions on its work with the troubled £12.7bn NHS National Programme for IT (NPfIT).
BT operates the London region of NPfIT.
Source: Computing
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