Wednesday, 18 July 2018

BT earnings down, hit by cost of sports rights

By Mary Lennighan, Total Telecom
Thursday 02 November 17

Global Services reports 11% decline in underlying revenue and 39% earnings drop in Q2, hitting group numbers

BT reported a 4% decline in earnings in the second quarter of its financial year as a result of the cost of sports rights, higher pension costs and a weak performance from its Global Services unit, amongst other things. The U.K. incumbent posted adjusted EBITDA of £1.81 billion (€2 billion) for the three months to the end of September…

BT reported a 4% decline in earnings in the second quarter of its financial year as a result of the cost of sports rights, higher pension costs and a weak performance from its Global Services unit, amongst other things. The U.K. incumbent posted adjusted EBITDA of £1.81 billion (€2 billion) for the three months to the end of September…

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