Feeds

New wave buoys spirits at BT

Trad business continues to ebb

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

BT claimed a “great” first quarter today, as its new wave business more than made up for the retreat of its stuffy old traditional telecoms operations.

The veteran operator turned in revenues of £4.8bn for the quarter ending 30 June, up 5 per cent. Pretax profits, before specific items, were up 20 per cent to £511m. The specific items, essentially the cost of rationalising its regional offices, knocked the pretax figure down to £499m.

The new wave label covers networked IT services, broadband and mobility, and these businesss brought in £1.4bn, up 48 per cent on the year. This more than offset the 9 per cent decline in its traditional businesses.

Traditional business was down 6 per cent, a slower rate of decline than last year. Nevertheless, BT couldn’t resist bemoaning its lot, saying the decline “continues to reflect regulatory intervention, competition, price reductions” as well as the cost of pushing customers to its new wave services.

Related stories

BT hits back at Bulldog jibes
Copycat BT doubles broadband speeds
BT hires Page 3 girl to plug VoIP
Ofcom shames BT

Beginner's guide to SSL certificates

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
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.