BT results for the second quarter ended 30 September 2006 show a four per cent rise in revenues to £4.9bn and a 12 per cent growth in pre-tax profits to £655m.

The telco trumpeted growth in what it calls "new wave revenue" - cash from networked services, broadband and mobile phones. New wave revenues now make up 35 per cent of total cash or £1.7bn.

BT now claims three million retail broadband customers and one million unbundled local loops.

At the end of September BT had 9.3 million wholesale broadband connections including 830,000 unbundled local lines.

Broadband subscribers passed three million and some 650,000 are using Voice over Internet Protocol services.

In other news BT, has struck a deal with Disney's Buena Vista TV company to provide video-on-demand services. This will give BT Vision punters access to a selection of Disney films.

BT's replacement network 21CN is making progress - 10 per cent of the core infrastruscture is now in place. Nine fibre rings have been built in south Wales. Customers in Cardiff should start moving onto the new network at the end of the month.

BT shares in London were trading slightly up on the news. ®

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