BT brings forward earnings targets

British Telecom is confident it will achieve its 2013 EBITDA target of at least £6 billion (€7.2 billion) a year early, after pre-tax profit grew 48% in calendar 4Q11 – the firm’s fiscal 3Q12.
The telco generated £652 million in pre-tax profit during the quarter compared to £441 million in calendar 4Q10, as EBITDA jumped 9% to £1.4 billion despite a 5% fall in revenue. Operating profit was up 22% at £764 million.
Chief Ian Livingston says strong wins in global business aided the firm during the quarter, noting that orders from Asia and Latin America are up 50% year-on-year. The firm’s domestic broadband business is also soaring, with the firm claiming a leading position on six million subscribers, and its lowest level of churn in five years.
“We expect to achieve our 2013 EBITDA target of above £6 billion a year early and to deliver free cash flow of around £2.4 billion this year,” Livingston states.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.