- BT Group (NYSE:BT) is up 3% after posting fiscal Q3 results where it grew profits 14% and underlying revenue (excluding transit) 4.7%, the best result in that area in seven years.
- Revenue by segment: BT Global Services, £1.675B (down 1%); BT Business, £779M (down 1%); BT Consumer, £1.205B (up 11%); BT Wholesale, £527M (down 1%); Openreach, £1.294B (up 3%).
- Consumer results led the way and the unit increased its overall line base for the first time in more than 10 years.
- Openreach, meanwhile, saw record fiber broadband net additions of 494,000. CEO Gavin Patterson again took the opportunity to say splitting Openreach from the company, as rivals and some UK politicians are arguing, would cause "huge instability."
- BT Group reaffirmed its 2015-16 outlook for EBITDA and cash flow and said it expected revenue growth of 1-2%.
- Press Release