IPTV shines for BT in mixed financial year
Editor ©RapidTVNews | 10-05-2012
The BT Vision IPTV business line has been one of the standout performers in a mixed financial year for the UK's incumbent telco and networking firm.
For the fourth quarter and year to 31 March 2012, BT reported respective revenues of £4.875 billion and £19.307 billion, both down 4% year on year. Yet underlying the cost-efficiency deployed by the corporation, EDITA was up 4% and 3% to £1.609 billion and £6.064 billion for the final quarter and year respectively.
Yet despite falls in revenue of by 3% in the quarter and 4% in the year for the BT Retail division, BT says that the unit showed its best quarterly revenue performance for two years driven by growth in broadband base, particularly the BT Infinity high-speed broadband service, and in BT Vision, which contributed to an increase in consumer ARPU from £337 to £343 in the quarter.
Net additions for BT Infinity, were 131,000 in the quarter, and the customer base currently stands at over 550,000. BT Vision added 28,000 customers in the quarter, bringing the customer base to over 700,000, up 23% on last year. Additional content was added in the quarter as a result of deals with Miramax and UKTV.
Commenting on the results, BT Chief Executive Ian Livingston said: “In what remains a challenging environment we have delivered another year of growth in profits and free cash flow…We have now passed 10 million homes and businesses with our fibre roll-out. This is many months ahead of schedule and brings the benefits of super-fast broadband…While we will be impacted by economic and regulatory headwinds, we expect to continue to grow profits over the next two years."