BT Sees Growth from 2012

BT said its underlying revenues in the year ending March 31 fell 4% to 20.91 billion pounds (30.38 billion US dollars), as its retail and wholesale businesses serving the U.K. market each saw their revenues fall 4%. BT expects its revenue in the year ending March 31 2011 to be approximately 20 billion pounds. It added that its revenue should begin to grow again in 2012/13 as its retail arm begins to capitalise on its investment in fibre and television-on-demand. source: BT presentation