Feeds

BTopenwound still bleeds

More pressure needed on the tourniquet

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.