Feeds

BT racks up 650k BB punters

Pre-tax profit jumps

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

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!

Choosing a cloud hosting partner with confidence

More from The Register

next story
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
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 and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.