Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 01 November 2012 12:06

BT profits are up 7 per cent

Written by Nick Farrell



Recession? What recession


BT is reporting that despite a tough year its profits are up more than 7 per cent.

However the company has been forced to revise its outlook for full-year revenues owing to a “triple whammy of recession, regulation and rain. The company said that things would be better in the second half of the year.

Pre-tax profit at the UK telecoms group rose seven per cent to £608million in the second quarter owing to the effects of further cost-cutting BT announced its plans to roll out superfast fibre broadband nationwide had been sped up and that revenues slid nine per cent to £4.5billion.

A UK Court of Appeal decision on call termination charges in the second quarter walloped revenues at BT Wholesale, while the heavy rains in the UK this year meant its Openreach arm handled more repair.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments