Feeds

BT swallows a third of new broadband punters

Regains lead

Secure remote control for conventional and virtual desktops

BT's resurgence was confirmed today when it announced broadband and other "new wave" products had boosted fourth quarter sales and profits.

In the three months to 31 March, BT added 800,000 new broadband customers, bringing its total across retail and other parts of the business to 10.7 million. Revenue for the quarter was up three per cent on the same period a year ago at £5.29bn, delivering net income of £455m, up 16 per cent.

Delivering his last set of results, BT chairman Christopher Bland allowed himself a pat on the back: "BT has come a long way in the past five years. This is a very strong set of results which demonstrates how much has been achieved."

BT's strong broadband performance granted it 32 per cent of all new customers for the quarter. The acquisition of PlusNet added 195,000 retail broadband customers, while on its own, BT added 245,000 connections. The figures take BT's retail base to 3.66 million, retaking the lead from Virgin Media, as was leaked to the press at the weekend.

The 28 per cent sales gains in new wave ventures were more than enough to offset the continued fall-off in BT's traditional phone business, which slipped another three per cent.

During the quarter, BT rejigged its corporate setup to help it fully exploit new products across its vast market. Chief executive Ben Verwaayen said: "We have announced a new structure to take us into the next phase of our transformation as we seize the opportunity to deliver software driven services over our broadband network; providing our customers with faster, more resilient and cost effective services wherever in the world they are."

For the full year, BT's total sales were £20.22bn, bagging a £2.49bn pre-tax profit. The group's rude financial health means a payday for investors. It'll buy back £2.5bn of its own stock by 31 March, 2009. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.