Feeds

Broadband helps lift BT

Pre-tax profit up

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

The increasingly rapid uptake of broadband and other "new wave" technologies has helped BT increase pre-tax profit for Q3, the UK's dominant fixed line telco announced today.

Although total turnover for the three months to the end of December was down 2.6 per cent to £4.58 million, pre-tax profit for the quarter was up 1 per cent £526 million.

And while the telco's traditional business is still in decline, courtesy of increased competition and regulatory intervention, BT's "new wave" business continued to thrive.

New wave turnover - which includes revenues from Information and Communications Technology (ICT), broadband, mobile and managed services - jumped 31 per cent to £838 million, compared to a 25 per cent increase in the second quarter.

Broadband revenues increased 129 per cent to £128 million in the quarter as BT confirmed that as of February 6 it had 1.93 million wholesale ADSL connections - three times the number compared to this time last year.

The telco's customer-facing division, BT Retail, now has 796,000 customers using its frill-less BT Broadband product and its BT Yahoo! broadband services, although the monster telco declined to say how this was split.

In a statement, chief exec Ben Verwaayen said: "Our new wave revenues grew by 31 per cent in the quarter, our highest rate of growth yet. This has offset much of the impact of the 6 per cent decline in our traditional business.

"The momentum of this transformation is building with broadband volumes now approaching two million lines and we are now taking orders of over 45,000 per week."

Shares in BT were up 1.5p (0.85 per cent) at 178p by mid morning. ®

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.