BT Vision reaches 770,000
BT has reported over 60,000 TV customers with YouView connected TV boxes and revealed it signed up 21,000 BT Vision customers in the quarter to the end of December. It ended its fiscal third quarter with 770,000 BT Vision customers ahead of its big summer push for subscribers following its acquisition of Premier League football matches for the 2013/2014 season.
BT added 122,000 retail broadband customers in the quarter, and added 200,000 customers to its high-speed fibre offering. The company’s retail division posted revenues of £1.8 billion (€2.2bn) for the quarter, down 3 per cent, and EBITDA of £474 million, an increase of 5 per cent.
Ian Livingston, Chief Executive, commenting on the results, said: “Our fibre plans are helping to make the UK a broadband leader in Europe. More than 13 million premises can access our fibre broadband and we are passing around 100,000 additional premises every week. Take-up is growing strongly with around 1.25 million homes and businesses now enjoying the benefits of faster speeds. This gives us an excellent platform for our push into TV and Sport later this year. Our pre-season training is going well. We have secured attractive new content and world class production facilities at the Olympic Park and are building a strong team.
“Our engineers have worked tirelessly following some of the wettest weather on record. Not only did they complete a record number of field visits in the quarter, they also connected a further 281,000 homes and businesses to broadband and helped us grow the number of landlines. BT Global Services has also done well securing £1.9 billion of new orders, up 17 per cent.
“We have made progress in a number of areas and delivered solid financial results. These are in line with our expectations for the year, which remain unchanged.”