BT announces profit of £658mn for quarter ending June 30

July 30, 2007 – BT, the UK’s incumbent fixed-line operator, has announced a profit of £658mn for the three months ending June 30, 2007, an increase of 3% from the same period of 2006.

New wave revenue, which includes income from BT Vision, the operator’s IPTV service, reached £1.815bn, up 11% from the same quarter of 2006.  Total revenue across all of BT’s operations reached £5.033bn in the three months leading up to the end of June 2007, up 3% from the same period of the previous year.  EBITDA reached £1.425bn in the quarter ending June 30, 2007, up 3% from the same period of 2006.

“We have got the year off to a strong start with another robust all round performance,” said Ben Verwaayen, CEO of BT.  “We are keeping ahead of the game by delivering software driven services that will offer faster, more resilient and cost effective services to our customers wherever in the world they are.”

BT also announced that it registered 500,000 new broadband customers in the quarter ending June 30, 2007, bringing its net total to 11.2mn connections.  The operator is also continuing its work rebuilding its core national network, and is reportedly “on track” to launch next-generation broadband services offering up to 24Mbps nationally in early 2008.