BT reported rising sales and profits in the final quarter of last year as its fibre broadband and sports offerings continued their upward curve.
 
Revenues rose five percent year-on-year to €5.6 billion between October and December 2013, while profit before tax rose six percent to €750 million.
 
The operator’s Retail and Global Services business units both registered welcome rises in sales.
 
Retail revenues were up four percent – the best performance for five years – driven by 22 percent growth in broadband and TV revenue.
 
BT Sport now has more than 2.5 million customers and 1.9 million fibre broadband customers. During the quarter it added 150,000 broadband customers, a 23 percent increase representing 60 percent of all the DSL and fibre broadband market net additions.
 
 
Sales at Global Services were up three percent thanks to what BT said was “good timing” of contract milestones, particularly outside the UK where double-digit underlying revenue growth was recorded.
 
In December, the operator announced it was expanding its footprint in Asia Pacific, Turkey, the Middle East and Africa in a bid to capture new growth.
 
 
Wholesale revenues were down nine percent due to a fall in managed services deals and reduced network builds. Sales at Openreach fell by one percent. In total, 2.4 million homes and businesses now connected to fibre broadband.
 
Chief executive Gavin Patterson described the results as “encouraging”. He added: "Our strategic investments are delivering. It was another record quarter for fibre take-up and there are now more than 18 million premises with access to our fibre. That number will grow further as the BDUK programme progresses. Fibre helps SMEs to compete and underpins our TV plans.”
 
Group capex was up two percent to €706 million.

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