Feeds

BTopenwound still bleeds

More pressure needed on the tourniquet

  • alert
  • submit to reddit

Internet Security Threat Report 2014

BTopenworld continues to haemorrhage money – although at a reduced rate – in spite of increasing turnover.

BT’s mass-market ISP business – cruelly referred to as BTopenwound by some for its ability to lose so much cash – reported that turnover for the three months to December 31 increased to £59 million from £38 million during the same period last year.

Its narrowband business generated revenues of £31 million for the quarter – much higher than its broadband business, which pulled in £12 million.

BTopenworld's virtual ISP business made up much of the remaining £16 million of revenue.

Losses before interest etc (EBITDA) fell 54 per cent on last year from £50 million to £23 million.

BTopenworld claims it is continuing to review its products and services in a bid to steer the business towards profitability.

It also claims it has improved its customer service.

Elsewhere, BT reported increased Q3 turnover for the whole group from 4.37 billion to £4.66 billion.

Pre-tax profit fell to £381 million from £483 over the same period.

Ben Verwaayen, BT Group's new chief exec said that his primary objectives are to "enhance BT customers' satisfaction and to grow BT's business".

He also confirmed plans today to make broadband a key priority and to cut wholesale DSL costs.

By mid afternoon shares in BT were up 17.25p (7.6 per cent)at 244.25p ®

Related Stories

BT price cuts could 'wipe out' local loop unbundling
BT to slash wholesale broadband costs

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.