[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Thursday, 10 February, 2005, 10:33 GMT
Broadband demand boosts BT profit
BT office
BT: "Transformation" delivered growth in four straight quarters
BT has reported a 4% rise in third-quarter profits as it benefited from strong broadband take-up.

The company said sales involving "new wave" services, including broadband, rose 35% to 1.13bn in the final three months of 2004.

That helped offset an 8% decline in revenues from its more traditional fixed-line telecoms operations.

The news comes as the firm says it will double the broadband speeds of most of its home and business customers.

Turnover for the company's third quarter stood at 4.58bn, similar to last year but lifting underlying profits to 545m.

Chief executive Ben Verwaayen said: "Our transformation strategy has now delivered underlying revenues growth in four consecutive quarters, a significant milestone."

There was a net exceptional profit before taxation in the quarter of 249m. This included the 284m profit on disposal of certain group investments, including Eutelsat and Starhub.




SEE ALSO:
BT boosts its broadband packages
10 Feb 05 |  Technology
BT offers equal access to rivals
03 Feb 05 |  Business
BT broadband glitch hits business
14 Jan 05 |  Business
Ofcom cuts prices for BT rivals
16 Dec 04 |  Business
BT launches mobile phone service
19 Nov 04 |  Business
New services boosting BT profits
11 Nov 04 |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific