Britain's BT Group expects its revenue to decline by 4% to 5% in the year to March 31, 2010 from 21.39 billion British pounds (32.41 billion US dollars) the previous year. BT said its revenues will be hit by declining usage of fixed-lines in the UK, lower mobile termination rates, together with the impact of refocusing its BT Global Services division.
In this fiscal year, BT expects to deliver a 13% reduction in capital expenditure to around 2.7 billion pounds from 3.09 billion in the previous year.
London-based BT reported a 5% year-on-year decline in organic revenues for the January to March quarter to 5.47 billion pounds, while capital expenditure fell 2% to 758 million pounds. source: BT statement