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General

BT results fall on weak business market, Italian problems

Friday 27 January 2017 | 08:25 CET | News
BT reported organic sales down 1.5 percent in its fiscal third quarter to December, as growth at EE and its consumer business was offset by weakness in the business and wholesale markets. Adjusted for the takeover of EE and excluding transit revenue, Global Services posted revenue down 7 percent, hurt by the accounting problems in Italy and difficult international corporate markets, BT said. Organic sales also were down 1 percent at Openreach, and 6 percent lower at the Business and Public Sector division, due to weakness in the UK. Consumer revenue meanwhile grew 4 percent, and EE's sales

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Categories: General
Companies: BT / BT Mobile / EE / Openreach
Countries: United Kingdom
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