Feeds

BT racks up 650k BB punters

Pre-tax profit jumps

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

BT notched up record sales of broadband in January helping to push the number of ADSL customers to more than 650,000.

In the first five weeks of the year total broadband sales grew by 25,000 a week, with 7,500 a week signing up to the telco's no-frills access-only BT Broadband product.

Keen to press ahead, the UK's dominant telco wants to increase the take-up of broadband by continuing to plug the product, as well as working with its increasing number of partners.

Only yesterday, for example, it announced a joint agreement with Internet giant Yahoo! to market each other's services.

BT Openworld - which is no longer BT's standalone ISP but falls within the managerial responsibility of BT's core group - continues to make a loss.

For the three months to the end of December it made an operating loss of £8m, an improvement on the £23m loss it made during the same period a year before.

Turnover for Q3 grew 27 per cent year-on-year from £59m to £75m.

However, some good news. While BT Openworld as a whole continues to leak cash, the narrowband side of its operation is now profitable.

Elsewhere, BT posted an encouraging increase in pre-tax profit during Q3 even though turnover remained essentially flat.

Group turnover rose one per cent to £4.7bn in Q£ while pre-tax profit jumped 37 per cent to £521m compared to the corresponding period a year ago.

The improvement comes as the monster telco reported that its core business has performed well in what remains a "difficult market".

In a statement chief exec Ben Verwaayen, said: "Revenue growth has been challenging, but we gained real momentum in the corporate sector, winning a number of major new contracts and our solutions business achieved record sales orders in the quarter." ®

Related Story

BT! and! Yahoo! hold! hands!

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.