Feeds

BT swallows a third of new broadband punters

Regains lead

High performance access to file storage

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. ®

3 Big data security analytics techniques

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.