BT Q2 results, still top in broadband

BT met forecasts with a 3 per cent rise in second-quarter revenues on good growth in broadband and networked IT services and said it was confident in its growth prospects.

The BT Retail unit accounted for 37 per cent of net DSL broadband additions during the quarter, giving it a broadband customer base of over 4 million and making it the largest provider in Britain.

The group posted a 2 per cent rise in EBITDA before specific items to the £1.45 billion (E2.1bn) for the three months to end September.

“Our performance underpins our confidence that we can continue to grow revenue, (underlying) EBITDA, earnings per share and dividends for the year,” Chief Executive Ben Verwaayen said.

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