BT reports flat Q1 as it waits for football deal to kick in
Joseph O'Halloran | 25-07-2012
It may be on the verge of gaining a huge spike in IPTV customers thanks to securing Premier League football rights but for BT the first quarter of its 2012/2013 year has got off to a flat start.
In particular, BT retail, which is the holding group for the BT Vision IPTV service, revealed that for the three months ended 30 June overall revenue declined by 3% to £1.76 billion. This says BT was “consistent with the improved trend seen in the previous quarter.”
Improved cost control saw profits rise 11% year on year to £381 million.For the holding group, consumer revenue decreased by 2%, with lower calls and lines revenue partially offset by growth in broadband, with an increasing contribution from fibre services which form the backbone of the IPTV proposition. The growth contributed to an increase in consumer ARPU from £343 to £350.
Indeed BT Retail added that fibre broadband net additions more than doubled from the prior year with over 150,000 customers added. BT Vision alone added 21,000 customers bringing the customer base to 728,000.
Looking forward to what the company promised would be added growth, especially in the IPTV sector,
BT noted that it would be offering a new football-focused channel to capitalise on the rights it had acquired and which will be launched in the next calendar year. In addition it expects to gain from a new bundled YouView service which will be on sale from the autumn and which it expects to appeal to customers looking for the next evolution of the Freeview service.