Wednesday, July 28, 2004

BT Reaches 2.7 million DSL Users, Adds 36K per Week

BT reported quarterly turnover of £4,567 million, down 0.4% including the impact of mobile termination rate reductions. However, BT noted that turnover for its "New Wave" services rose 32% over last year to £936 million. New wave turnover is mainly generated from Information and Communications Technology (ICT) solutions, broadband, mobility and managed services. ICT turnover grew by 15 per cent to £634 million partly reflecting the strong order intake last year. Mobility turnover at £43 million achieved growth of 169 per cent. Broadband turnover doubled to £186 million.

DSL : As of 30-June-2004, BT had an installed base of 2.7 million wholesale broadband lines, an increase of 154% on the number of connections 12 months ago, with net additions in the quarter growing at more than 36,000 per week. BT Retail had 1,102,000 broadband connections at 30-June-2004, an increase of 98% on 30-June-2003.

During the quarter, BT Retail's market share of DSL net additions was 29%.

Traditional Business : Turnover from the BT group's traditional businesses declined by 6% (5% lower excluding the impact of reductions in mobile termination rates), a percentage point improvement compared to the preceding quarter.

Free cash flow (before acquisitions and disposals, dividends and financing) was a net inflow of £157 million in the quarter.


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