About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, November 12, 2009

Outlook Brighter For BT

Aided by currency movements, BT said that it now expects its revenue to decline between 3% and 4% in the year to March 31, 2010, rather than the 4% to 5% it had forecast. It also lowered its capital spending forceast for the year to March 31, 2010 to 2.6 billion pounds (4.3 billion US dollars) from 2.7 billion pounds.

In the third-quarter, BT's revenue fell 6% year-on-year, stripping out the impact of currency movements and acquisitions, to 5.12 billion pounds. BT blamed challenging market conditions for a 8% fall in underlying revenue in its global services division and 5% fall in its retail division. source: BT statement

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