Feeds

Broadband helps lift BT

Pre-tax profit up

  • alert
  • submit to reddit

Boost IT visibility and business value

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. ®

Seven Steps to Software Security

More from The Register

next story
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Orange spent weekend spamming customers with TXTs
Zero, not infinity, is the Magic Number customers want
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.