BT Vision sign-ups sluggish
BT Vision quarterly sign-ups slowed to their lowest for two years during Q2, as the hybrid Freeview/IPTV service added 14,000 customers, taking it up to 481,000.
The results come ahead of BT Vision’s Sky Sports offer – pricing the premium sports channels significantly lower than Sky – which the company hopes will have a sizable impact on its subscription figures once the new Premier League season kicks off.
BT reported six per cent higher EBITDA of £1.39 billion, despite four per cent lower revenue of £5 billion.
The consumer-facing BT Retail division recorded the biggest revenue drop - of seven per cent, down to £1.9 billion.
BT added 96,000 net broadband customers in the quarter, giving it 40 per cent UK market share.
The telco says it has now rolled fibre out to cabinets serving more than 1.5 million properties, and is rolling out another 100,000 per week, giving customers up to 40Mbps through the BT Infinity package. But broadband-and-circuits revenue in BT Wholesale is down by £69 million.