BT falls but broadband up

BT saw profits before tax and after exceptional items fall 30 per cent to £447 million (E620m) in the last quarter of 2007. But the group reported strong growth in its broadband and global services divisions, where profitability grew. BT’s retail unit achieved a 35 per cent share of all new broadband connections during the three month period.

“This has been another solid performance,” said BT’s chief executive Ben Verwaayen. “We remain the UK’s number one retail broadband provider and BT Vision customers more than doubled in the quarter.” BT Vision is the company’s television service, which currently has 150,000 customers. It had 4.25 million broadband subscribers at the end of 2007.

Pre-tax profits excluding exceptional items fell 7 per cent to £601 million.

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