Feeds

Somebody give BT a brolly: National telco blames RAIN for its pain

Adds regulation, recession moans to drizzle grizzle

Remote control for virtualized desktops

BT took a revenues pummeling during its second quarter ended 30 September by posting a 9 per cent decline to £4.47bn this morning.

The national telco blamed the recession, regulation and even rain for its drop in sales during the three-month period. Apparently bad weather has meant a lot of expensive repairs.

BT said pre-tax profit had climbed some 7 per cent in Q2 to £608m compared with £570m a year earlier, which led boss Ian Livingston to describe the quarter as "solid" even though the company was hampered by "economic conditions and regulatory impacts."

BT said it had struggled with trading in Europe and the windswept financial services sector. It was also apparently hamstrung by Ofcom's capping of the telecoms giant's pricing for telephone calls and lines.

Once again, BT's wholesale (sales down 12 per cent to £861m) and global services (sales down 13 per cent to £1.7bn) wings reported the highest drops in revenue.

Meanwhile, sales in its Openreach (revs of £1.2bn, down 1 per cent) and retail (revs of £1.79bn, down 3 per cent) divisions remained relatively flat during the period.

The company told the City on Thursday morning that it was ahead of schedule with its fibre deployment for its next generation broadband service, which still relies heavily on BT's existing copper infrastructure.

It said that the rollout would now be completed by 2014's spring - some 18 months ahead of BT's original plan to bring the tech to around two-thirds of the UK by 2015. ®

Remote control for virtualized desktops

More from The Register

next story
Mighty Blighty broadbanders beg: Let us lay cable in BT's, er, ducts
Complain to Ofcom that telco has 'effective monopoly'
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

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.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
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.