Member Article

Profits at BT driven by Sports services

Profits at BT have risen thanks to a rise in demand for its broadband and Sports TV service which features exclusive rights to the UEFA Champions League.

The telecoms giant reported profit of £617 million in the three months to the start of 2014, from revenues of £4.5 billion.

150,000 broadband customers chose BT during the quarter and the TV sports business now caters for 2.5 million. BT also said growth was healthy in emerging economies across the world.

Chief executive Gavin Patterson said: “This is an encouraging set of results, with profit before tax up 8%, earnings per share up 12% and growth in revenue.

“Our strategic investments are delivering. It was another record quarter for fibre take-up and there are now more than 18 million premises with access to our fibre. That number will grow further as the BDUK programme progresses.”

This was posted in Bdaily's Members' News section by Tom Keighley .