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[UK] BT Profits Rise Thanks To BB

  • 11-11-2004 4:23pm
    #1
    spongebob
    Closed Accounts Posts: 6,143 ✭✭✭


    Full Sory on The Beeb Here

    New services boosting BT profits

    New ventures are helping BT offset a fall in traditional revenues
    New areas such as broadband internet connections and computer data services are helping BT offset a further slump in its fixed-line telephone business. BT said it had seen a 36% rise in "new wave" revenues as turnover from its traditional services fell by 6%.

    It has 3.3 million broadband customers, with connections rising 46,000 a week.

    Profits before exceptional items for the three months to 30 September were £549m ($1.01bn), up 4% on 2003.

    "The new stuff is outperforming the losses in the old," BT chief executive Ben Verwaayen told BBC Radio 4's Today Programme.

    M

    (This from a company who charge 65% of what our lot charges for a line and makes sure there are no pairgains on it either :( )


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