Feeds

Broadband helps lift BT

Pre-tax profit up

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

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. ®

The Essential Guide to IT Transformation

More from The Register

next story
Trying to sell your house? It'd better have KILLER mobile coverage
More NB than transport links to next-gen buyers - study
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Speak your brains on SIGNAL-FREE mobile comms
Readers chat to the pair who flog the tech
prev story

Whitepapers

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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.