BT core earnings hold steady on record fibre demand
Britain's largest broadband provider delivered flat core earnings of 8.2 billion pounds for the year ending March. While revenue fell 3 percent to 19.7 billion pounds, the company added 2.2 million fibre connections and benefited from significant cost savings.
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BT GROUP PLC added 2.2 million fibre connections in the year ending March, maintaining flat core earnings of £8.2 billion. Revenue fell 3% to £19.7 billion as growth in domestic broadband offset weakness in international units and pricing pressure. Investors are weighing the aggressive fibre rollout against the loss of 825,000 lines to rival network providers.
