BT said its fourth quarter revenue in fiscal 2014 dipped 1 percent to £4,748 million, while full year revenue remained flat at £18,287 million, despite achieving 79 percent share of broadband market net additions in the quarter.
The British telecom operator said its Q4 fiscal 2014 profit rose 17 percent to £747 million, while full year profit growth was flat at £2,312 million.
Gavin Patterson, chief executive, BT, said: “Our investment in fiber is delivering with 1.3 million more premises taking fiber this year, almost doubling the number of homes and businesses now connected. Our rollout is ahead of schedule with our fiber network passing more than 19 million premises, around two thirds of the UK. All of our BDUK projects are underway and will help take the coverage of all fiber networks to at least 90 percent of the UK.”
Recently, ABI Research said that BT has been rolling up its sleeves and introducing 4G services. The telecom had exited the mobility market in 2001 when it spun off BT Cellnet as the rebranded O2. BT has been keen to put in place its own quad play bundle based on Internet, voice telephony services, mobile services, and BT Vision (its pay IPTV service).
BT Consumer recorded 9 percent growth in revenue in the fourth quarter and the lowest line losses in over five years.
