Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 12°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

UK: Broadband boost for profits at BT

11:53 01 February 2013

BT chief executive Ian Livingston

Photo: BT/VisMedia

BT chief executive Ian Livingston Photo: BT/VisMedia

Archant

TELECOMS giant BT said today that it attracted 122,000 new broadband customers in the final three months of last year as it continued its march on the internet market.

The group recruited extra engineers to speed up roll out and repairs after one of the wettest years on record, helping it increase the number of new retail customer numbers added by 50%, up from 81,000 the previous quarter.

BT, which is spending £2.5billion rolling out its fibre broadband network, said it reached 13 million premises in December, and including other providers who use its Openreach network, it installed broadband in 281,000 homes in the period.

Its television service BT Vision also attracted a further 21,000 new customers, helping the group report a better-than-expected 7% increase in pre-tax profits to £675million in the three months to December 31.

Chief executive Ian Livingston said: “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.”

Last year the company announced an agreement for broadcast rights for Premier League football and Premiership rugby, with BT Sport launching this summer, with Formula 1 presenter Jake Humphrey fronting its football coverage.

And the group, which is opening television production facilitates in the London Olympic Park, said its “pre-season” training was going well.

The group still posted a 6% fall in revenues to £4.5bn in the three months to December 31 as its global division, which provides services to businesses, was hit by tough trading conditions in Europe and the financial services sector.

But shares in BT rose 5% following the company’s update as investors focused on the better-than-expected rise in profits.

Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said: “As it sprawls out into becoming something of a media company, BT continues to show its strength in its more traditional markets.”

But he warned revenues were under pressure given the wider economic backdrop and fragile corporate confidence, and also said the fierceness of competition in the market showed little sign of abating.

0 comments

Sam Martin and her team from Angels Beauty Clinic with their awards at the Businesses of Saxmundham Customer Service Awards.

Angels Beauty Clinic carried off the top prize at the Businesses of Saxmundham (Bos) Customer Service Awards.

Ian Milne, managing director of Ipswich Town FC,  and Ian Surtees, managing director of  Vertas Group.

East Anglian multi-service facilities management provider Vertas Group has signed a three-year partnership deal with Ipswich Town Football Club.

The QD store in St Mathews Street, Ipswich has closed down.

Discount store QD has closed down its last remaining store in Ipswich after a fall in sales, the company has announced.

The new Greene King beer café, which stands alongside the company's Bury St Edmunds brewery.

Suffolk-based pubs and brewing group Greene King has received its fifth consecutive Certificate of Excellence from travel review website TripAdvisor for the quality of its Westgate Brewery tours in Bury St Edmunds.

Keith Senior is pictured at Jacobs Allen in Bury St Edmunds

Concerns have been raised about how Thursday’s decision to quit the EU will affect mortgage rates and foreign travel.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24