Friday, May 11, 2018
Global Services Drags Down BT
The London-based company said the 3% growth in its consumer businesses was more than offset by decline in its enterprise divisions. "The main contributor to enterprise revenue decline was Global Services whose reported revenue declined 9% due to ongoing challenging market conditions and a reduction in IP Exchange volumes and equipment sales in line with our strategy to reduce low margin business."
Yet BT plans to increase capital expenditure from 3.5 billion British pounds in the past financial year to 3.7 billion pounds in this year. source: BT statement
Labels: More Western Europe telecoms
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