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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 4, 2021

BT Treads Water

BT reported revenue of 10.3 billion British pounds (12 billion euros) for the six months to September 30th, down 3% year-on-year, "primarily due to ongoing legacy product declines, the impact of prior year divestments and foreign exchange." BT said these factors were "partially offset by stronger recurring BT Sport revenue as a result of the easing of lockdown restrictions, and higher rental bases in fibre-enabled products and Ethernet." 

BT said revenue grew in Openreach (5%), was flat in Consumer, but declined in Enterprise (-5%) and Global (-14%) as a result of challenging market conditions. But excluding the impact of divestments and foreign exchange movements, revenue declined by just 5% to 1.65 billion pounds in the Global division.

In the third quarter of 2021, BT's revenue was down 2% to 5.2 billion pounds, as the performance of its Global division improved. The company said it is "continuing discussions regarding the future of BT Sport." Source: BT statement

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