Broadband boosts BT’s bottom line
BT said a surge in broadband subscribers boosted its bottom line, pushing the company to third-quarter pre-tax profits of £531 million.
According to BT’s third quarter results, it attracted 188,000 additional subscribers in the last three months of last year, a net figure that takes into account new customers signing up as well as those quitting BT for other providers.
“Profits and cash flow in the quarter were ahead of last year. BT Retail had a good quarter with growth in business revenues and our highest share of DSL broadband net additions for eight years,” said BT chief executive Ian Livingston.
“Openreach benefited from a stronger broadband market and growth in its copper line base.”
Subscribers signing up for BT’s services represented 53% of all new DSL and LLU net additions, and the company claimed the increase reflected the success of its broadband strategy, including BT Infinity and Wi-Fi services.
BT’s IPTV service, BT Vision, also recorded a strong quarter. “We also saw the take up of BT Vision more than double, with 40,000 net additions in the quarter, the highest for seven quarters.”
A BT spokesperson told PC Pro the additional subscribers had pushed BT Vision customers past the 550,000 mark.