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BT Q2 Revenue Gains 35% Due to Customer Additions

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BT Q2 Revenue Gains 35% Due to Customer Additions

BT Group has announced the result for the second quarter ended on 30 September 2016. According to the report, the group has made a revenue rise of 35%. The revenue increased to $7.34 billion in three months, a 1.1% surge.

The Group accredited customer additions in its mobile-phone, broadband and pay-television businesses for this revenue rise. Commenting on the result, Gavin Patterson, Chief Executive of BT Group said, “We’ve made good progress on the integration of EE and the delivery of our synergy targets. Our consumer facing lines of business have performed well, but in the enterprise space, UK public sector continues to be a challenging market. Across the group, we continue to drive cost reduction and productivity improvements.”

The share of revenue in BT’s consumer-facing businesses was up 11%, primarily contributed by broadband and TV.

“Customer experience remains a key priority, and we’re stepping up our investments in the second half of the year. And, we’ll continue to invest in our ultrafast and 4G plans in 2017 and beyond. Ofcom’s consultation on the Digital Communications Review closed earlier this month; we’ve submitted our response and will continue to engage with Ofcom to reach the best outcome for the UK.”

Around 65% retail share of total broadband net additions stood at 76,000, with retail fiber broadband net additions registered at 216,000. It reported mobile pay monthly net additions of 280,000.

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Ria Lakshman. V is a lead news writer at The Telecom Times. She studied Journalism at Manipal School of Communication and proceeded to work in newspapers and magazines, with technology as her focus area. Passionate about Telecommunications sector, her move to 'The Telecom Times' was a natural choice. Alongside, she also writes for Telecom Talk, where she covers news and tech commentaries in the sector of telecom. In the free time, Ria loves to go camping, read books, or sketch illustrations. She also runs a local design studio and promotes eco-friendly crafts. Ria can be found sharing her knowledge and insights on Twitter.

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