Tuesday, 25 July 2017

BT records strong quarter for broadband, TV, hands back BDUK funding

By Mary Lennighan, Total Telecom
Thursday 30 July 15

U.K. incumbent's Consumer business performs well in fiscal Q1, but Global Services struggles; EE deal on track.

BT on Thursday turned in a solid set of financials for the first quarter of the year, driven by strong performances from its broadband and TV operations, although its Global Services unit remains a challenge. CEO Gavin Patterson presided over a results presentation that was peppered with subtle and not-so-subtle references to the pressure the telco is under to structurally separate its Openreach access business from the rest of its operations. He also talked up the strong uptake of fibre services the operator is witnessing – so much so that it is required to return a chunk of its BDUK funding – and declared an early success in the consumer mobile market, ahead of its acquisition of EE…

BT on Thursday turned in a solid set of financials for the first quarter of the year, driven by strong performances from its broadband and TV operations, although its Global Services unit remains a challenge. CEO Gavin Patterson presided over a results presentation that was peppered with subtle and not-so-subtle references to the pressure the telco is under to structurally separate its Openreach access business from the rest of its operations. He also talked up the strong uptake of fibre services the operator is witnessing – so much so that it is required to return a chunk of its BDUK funding – and declared an early success in the consumer mobile market, ahead of its acquisition of EE…

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