Corporate customers spending less leads to BT’s lower revenue outlook

Saturday, November 3rd 2012

The expectation of revenue for the year has been cut by BT as European corporate customers have reduced their expenses.

The concern is thus enabled to concentrate on its yearly forecast so as to give importance to its earnings.

According to BT’s reports, shares went up by 5% as pre-tax profit jumped 9% touching £602m during the last quarter ending this September.

BT added 81,000 retail broadband customers which are nearly half of the net new customers across the whole market. However, there has been a fall of 2% in the revenues of £4.4bn in the second quarter. BT’s TV service called the BT Vision will soon get the rights to air live football matches thereby reaching the count of more than 750,000 subscribers.

Ian Livingston, BT chief executive says that two-thirds of UK premises will get high-speed fibre broadband during the spring of 2014. And this will be pre-scheduled by 18 months. More than 1,000 engineers will be recruited for this programme.

As already announced BT has got broadcast rights for live Premier League football matches for the first time now and will be broadcasting 38 matches in one season from 2013 to 2014. It has also got the rights to broadcast Aviva Premiership Rugby Union matches on a four year deal starting from 2013.

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