Summary
A ROUND of cost-cutting squeezed BT's third quarter profits higher yesterday, but fewer telephone calls, falling prices and tougher competition continued to bite into revenues.
The telecoms group signalled it would carry on tightening its belt as growth from "new wave" technologies including high-speed broadband internet fell short of the sales erosion in its traditional fixed line business, sending revenues down 2.6 per cent to GBP 4.58 billion.See the full content of this document
Extract
Cost-Cutting Keeps Bt Ahead
However, pre-tax profits for the three months to December nudged up 1 per cent to GBP 526 million, before exceptional char...
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