Broadband, TV drive BT third quarter
DetailsEditor | 30 January 2015
A 7% rise in consumer revenue, primarily driven by growth in broadband and TV, has boosted BT as it announced its results for the third quarter and nine months to 31 December 2014.
4116With the BT Group as a whole reporting increased profits, if not revenues, for the quarter and the nine-month period, BT's Consumer division revealed that broadband and TV revenue was up 15% in the quarter aided by 45,000 TV customer additions.
The quarter also saw BT launch TV everywhere and offer buy-to-keep films on multiple devices in addition to the set-top box. It also launched Netflix and a range of new packages, and in December started to offer Sky Sports 1 and 2 on YouView, adding to its existing offering of BT Sport, ESPN and Eurosport. In addition, the company revealed that in just over a year since its launch, 25,000 commercial premises have now signed up to BT Sport, including 30% of all UK pubs. Premier League viewing on BT Sport has seen a rise of 17% so far during the 2014/2015 season.
"This quarter we have delivered good growth in profit before tax and strong free cash flow," commented BT chief executive Gavin Patterson. "Our superfast fibre broadband network now covers around three-quarters of the UK. BT has been at the forefront of fibre innovation and investment, from which all communications providers benefit. We aim to keep it that way. So today we're announcing large-scale pilots this summer of ultrafast broadband with G.fast. We now think we can deploy this technology at scale which will enable us to deliver ultrafast speeds of up to 500Mbps to most of the UK within a decade."
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