BT managed to hit targets for their first quarter results, ending 30th June 2008 with revenues of £5.1bn, an increase of 3 per cent year on year. However, trading results were disappointing with market shares dropping 10 per cent in early trading.
The average UK household paid BT £278 in the last twelve months, an increase of £4 last quarter. Call revenue results were uninspiring, but the company managed to offset revenue by increased spending on broadband.
BT’s ISP provider business Openreach showed a dip in revenues of one per cent, taking the total to £1.072bn. Meanwhile an Openreach spokesman announced that the service will be introducing a pro-active monitoring service to reimburse customers automatically if their service levels are missed.
Source: The Register
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