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BT Posts its Best Quarterly Revenue Growth in 7 Years; to Retain EE Brand

BT Posts its Best Quarterly Revenue Growth in 7 Years; to Retain EE Brand Image Credit: BT

BT posted a strong set of quarterly results, recording 24% increase in pre-tax profits to £862m in the three months to December 31. The operator's revenue went up by 4.7% in the third financial quarter, the best revenue growth in over seven years. It also saw a strong performance in its consumer broadband business as it sets about incorporating newly acquired mobile network operator EE. Notably, BT Consumer division has captured 71% of new broadband customers during the same period.

The company also announced a new corporate structure following the completion of the EE deal. EE will be retaining its brand, its network and its hundreds of high street stores to serve its customers with advanced mobile services, broadband and TV. 

Gavin Patterson, Chief Executive
We will operate a multi brand strategy with UK customers being able to choose a mix of BT, EE or Plusnet services, depending on which suit them best. The acquisition enables us to offer great value bundles of services, and customers are set to be the winners as we compete for their business.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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