He added: 'We will be smart about how we invest, focusing on our fixed network, avoiding other capital intensive distractions. ' BT 's shares fell 18 % on Wednesday , 10 May after it slashed its full - year dividends in half and issued a warning over its profits . The telecoms firm managed to recover some of this loss to sit 10.8 % lower at 162.7p ( $ 2.1 ) by mid - morning . TalkTalk 's final price per share has been cut from 10.58p to 5p . The company has fallen short of this year 's earnings target of £ 250 m , with next year 's earnings expected to be between £ 270 m and £ 300 m .
BT 's shares fell 18 % on Wednesday , 10 May after it slashed its full - year dividends in half and issued a warning over its profits . The telecoms firm managed to recover some of this loss to sit 10.8 % lower at 162.7p ( $ 2.1 ) by mid - morning . TalkTalk 's final price per share has been cut from 10.58p to 5p . The company has fallen short of this year 's earnings target of £ 250 m , with next year 's earnings expected to be between £ 270 m and £ 300 m .