Feeds

Plunging BT sales hit every branch of the biz on way down

Even Openreach couldn't save it this time. Pesky watchdogs blamed

Providing a secure and efficient Helpdesk

BT reported to the City this morning a total revenue fall of 6 per cent for the national telco's final three months of 2012.

It said sales, excluding specific items relating to "regulatory decisions" on historic Ethernet pricing, hit £4.5bn during the period, down from £4.77bn a year earlier. Adjusted pre-tax profit climbed 7 per cent to £675m compared with 2011's third quarter of £628m.

Every division of the BT empire saw revenues decline in Q3. The wholesale and global services wings continued to record a sales drop. Retail also stuck to its downward spiral.

But more surprisingly, Openreach - which manages BT's network - reported that revenue was down 2 per cent from £1.3bn in 2011 to £1.27bn for the quarter.

On revenue, BT broadly blamed the fall on "tough conditions in Europe and the financial services sector".

More specifically, the telco said of its Openreach network arm, whose fibre broadband deployment has now "passed" the 13 million premises mark in Britain - thereby slightly overtaking its competitor Virgin Media:

The continued impact of regulatory price changes reduced revenue by around £50m. This was partially offset by growth in ethernet and fibre.

On the retail side of the business, the company said that it had added 122,000 broadband customers during the quarter - that's down from 146,000 in 2011's Q3. ®

Security and trust: The backbone of doing business over the internet

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
Turnbull: NBN won't turn your town into Silicon Valley
'People have been brainwashed to believe that their world will be changed forever if they get FTTP'
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
ISPs' post-net-neutrality world is built on 'bribes' says Tim Berners-Lee
Father of the worldwide web is extremely peeved over pay-per-packet-type plans
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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.