BT has published its first quarter results, showing that its revenue was up 3% to £5 million.
Revenue from the group’s traditional businesses was maintained year on year. Major corporate (UK and international) revenue showed growth of 5%.
BT Global Services revenue grew by 5% to £2.2 million for the first quarter. New wave revenue rose by £163 million to £1.8 million, an increase of 10%.
BT had 11.2 million wholesale broadband connections (DSL and LLU) at June 30, 2007, including 2.4 million local loop unbundled lines, an increase of 2.5 million connections year on year as the broadband market continued to show strong growth.
There were 459,000 additional connections in the first quarter, which is seasonally the slowest quarter of the year. BT Retail’s share of the net additions in the quarter was 38%.
Ben Verwaayen, BT chief executive, said: “We have got the year off to a strong start with another robust all round performance. Revenue, EBITDA and earnings per share all continue to grow as BT builds on the achievements of last year.
“There is success across the board. BT Retail’s share of the broadband net additions in the quarter was 38%; contract wins in BT Global Services and BT Wholesale were £2 billion; outside the UK we gained more than 100 new customers.
“We are keeping BT ahead of the game by delivering software driven services that will offer faster, more resilient and cost effective services to our customers wherever in the world they are.”
Related Links
