Saturday, 19 August 2017

BT posts underlying revenue growth, but EE sales slide

By Mary Lennighan, Total Telecom
Thursday 28 July 16

U.K. incumbent presents solid Q1 figures, confirms full-year outlook; new mobile unit posts lower revenues than in year-ago quarter.

BT on Thursday presented a strong set of first quarter financials including a small uptick in underlying revenue, but glossed over the fact that while recently-acquired EE drove reported topline growth, the mobile business actually saw revenues fall compared with the same period a year ago. The U.K. incumbent posted group revenues of £5.78 billion, up 35% year-on-year due to the added contribution from EE, which became part of BT in January. "Our integration of EE is progressing well…

BT on Thursday presented a strong set of first quarter financials including a small uptick in underlying revenue, but glossed over the fact that while recently-acquired EE drove reported topline growth, the mobile business actually saw revenues fall compared with the same period a year ago. The U.K. incumbent posted group revenues of £5.78 billion, up 35% year-on-year due to the added contribution from EE, which became part of BT in January. "Our integration of EE is progressing well…

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