What next for BT as Philip Jansen confirms he will exit as CEO?

We look at the big challenges still facing the telecoms group - and who could take over as chief executive

Philip Jansen's belief that he was the right man to revive BT's fortunes led the outgoing chief executive to spend more than 7m on shares in the telecoms giant during his tenure. Yet his successor will inherit a business that has seen more than 10bn wiped off its market value over the past four years.

On Monday, the 56-year-old confirmed that he intends to stand down as chief executive, a role he has held since February 2019, with the chair, Adam Crozier, due to give an update on the hunt for a successor later in the summer.