BT reports profit and revenues fall in second quarter

Telecoms company BT has reported a revenues fall of one per cent, down to £4.449bn, for the period from the first quarter to 30 June (release).

The biggest revenues fallers were Wholesale (down six per cent) and Global Services and Openreach (both down by two per cent). Profit before tax fell by 16 per cent to £449m in the same period.

Ian Livingston, chief executive, commenting on the results, said:

BT continues to make good progress, delivering another quarter of solid growth in underlying profit before tax. This is despite the impact of regulation and the significant investments we are making for the future.

It is early days but we are very pleased with the strong start in BT Sport. More than half a million households have now ordered BT Sport and that's before the channels have even launched.

Fibre remains at the heart of our plans and take-up is strong. Our fibre network now passes more than 16 million premises with more than 1.7 million connected.