Belfast Telegraph

Telecoms giant BT sees revenues rise as NI homes in on fibre optic broadband

By John Mulgrew

BT has grown its revenue in Ireland by 4%, as the entire business undergoes restructuring following its deal to take on EE.

The latest results and restructuring come days after the telecoms giant acquired mobile phone firm EE.

Across its UK and Ireland business, it saw a 24% rise in pre-tax profits to £862m, in the three months to the end of December.

Sales growth in Northern Ireland has been attributed to a rise in take-up of its fibre optic broadband, recording the highest volume of new subscribers in the third quarter of 2015.

Colm O'Neill, managing director of BT corporate UK and Ireland, said: "Results reflect yet another positive quarter for our business, with growth in both revenue and profit.

"In Northern Ireland, our on-going investment in infrastructure and next generation broadband services continues to yield results and reflects the increased demand for high speed broadband among Northern Ireland citizens both at home and in business."

BT also recorded its best revenue growth for more than seven years, up 3% to £4.5bn over the same period.

The group said the results were partly fuelled by a strong quarter from its consumer business, which saw revenues grow 11% to £1.2bn.

Chief executive Gavin Patterson said the third quarter sawa "strong results with good numbers across the board".

"BT Consumer had a stand-out quarter, increasing its overall line base for the first time in well over a decade and capturing 71% of new broadband customers," he added. "We have completed our acquisition of EE, the UK's best mobile network provider, and are confident that we'll deliver the anticipated cost and revenue synergies."

BT, which enjoyed its first full quarter since securing the rights to broadcast Champions League football, added 97,000 new TV customers, driving up its total customer base to 1.4 million.

Belfast Telegraph