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BT Sport success singled out in fourth quarter results

BT Group today announced its results for the fourth quarter and year to 31 March 2014, revealing the success of its flagship broadcasting operation BT Sport, which is now subscribed to in around five millions home, underscoring a record 9% growth in revenue in the fourth quarter and the lowest line losses in over five years.  BT also achieved an excellent 79% share of broadband market net additions in the quarter.

Elsewhere in the repport, an additional 1.3 million more premises took BT’s fibre this year, almost doubling the number of homes and businesses connected, meaning their rollout is ahead of schedule with the group’s fibre network passing more than 19 million premises, around two thirds of the UK.  BT Global Services delivered a 9% increase in its order intake this year and continued to see double-digit revenue increases in the high-growth regions of the world, while BT Business and BT Wholesale have also delivered decent order intakes.

“These results provide a strong platform for growth and from which to achieve our outlook for the years ahead,” says Gavin Patterson, Chief Executive. “Our performance in the year means that we are growing our full year dividend by 15% to 10.9p and we now expect to increase our dividend by 10%-15% for each of the next two years.  We continue to focus on improving the service we provide to our customers and delivering on our investments.”

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