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EE Acquisition Boosts BT’s Revenue To 35% In Quarter Earnings

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EE Acquisition Boosts BT’s Revenue To 35% In Quarter Earnings

The telecom giant BT Group announced its result for the first quarter to 30th June. According to the release, the company has registered a 35% increase in the revenue to £5775million. The EBITDA jumped 25% to 1,818million. The company’s acquisition of EE, Britain’s biggest mobile company boosted the company’s revenue.

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According to Gavin Patterson, Chief Executive Officer, BT Group is looking forward to a fruitful year by marking a stable growth in revenue and cash flow. “Our integration of EE is progressing well, alongside our business reorganization that took effect on 1 April. EE performed strongly, both financially and commercially, and our customers are seeing the initial benefits of our acquisition with BT Sport now available to EE pay monthly customers.”

“We remain focused on improving customer experience and 100% of EE pay monthly calls are now handled in UK and Ireland contact centers. We’ve reduced engineer missed appointments by more than a third since last quarter and Openreach is again ahead on all 60 minimum service levels set by Ofcom,” he said.

BT Group has achieved 79% share of broadband net additions, revealed the release from the company. The company has also renewed its FA Cup rights during the quarter and thus, will be showing more games at primary time slots. The customers will be able to watch exclusive live actions from the UEFA Champions League and UEFA Europa League once again this year.

“Fiber broadband is available to well over 25m premises and take-up remains strong,” said Patterson. The company will deploy more fiber connections and 4G through Emergency Services Network contract in the upcoming months.

“Having listened to Ofcom and industry, we have set out our proposals for greater independence and transparency for Openreach. Our proposals can form the basis for a fair, proportionate and sustainable regulatory settlement and we believe they can also enable Ofcom to bring its Digital Communications Review to a speedier conclusion. We will continue to engage with Ofcom over the coming months,” Patterson added.

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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