BT has seen all the good things taking place in its favor of late. The company has been doing really well in more than one ways. In fact when it comes to broadband, BT has quite literally led the race with its “Race to Infinity” campaign among others. The company is looking at offering the next generation of advanced fibre optic broadband to its customers and all at reasonable prices.
It is also concentrating on giving these services to the more remote and far off areas of UK. This has been much admired by people all the more. In the mean while the company has also seen soaring profits because of its earnest strivings to give the customers nothing short of the best. The company has added another forty thousand customers to its base in the latest quarter.
Even its global services business, that caters to multinationals and public sector bodies, is doing great of late and garnering the much needed profits and steadily at that. Courtesy a cost-cutting programme that saw as many as thirty thousand jobs being lost and all in a span of two years, BT has done some additional profits here as well. BT today has an impressive base of 5.5m customers. Of these a superb188, 000 broadband customers were added in the third quarter itself.
This is a very impressive growth indeed and if sustained will take BT to reaching newer heights. The company’s group pre-tax profit increased a brilliant 30% to touch £531m for the third quarter to December 31.Even its overall free cash flow saw a boost by 70%. Ian Livingston, chief executive spoke of how the recent months have been phenomenal and nothing short of it for the company. Then of course there is the gigantic figure of £2bn plus that the company is investing to build a high-speed network that will be offered to 15m homes. This target is to be achieved by the year 2015.
In the mean while even Vodafone is doing great with its smart phone section even as the demand is soaring by the day. Their UK revenue has been much better by 7% which is comparing with the revenue for last year same period. Their overall revenue in the past twelve months has seen crossing the £5bn mark. The super success of iPhone 4 has only added more to this.
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