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Britain's BT returns to revenue growth, reaffirms guidance

Britain's BT returns to revenue growth, reaffirms guidance

FILE PHOTO: Company's logo is displayed at British Telecom (BT) headquarters in London, Britain, November 15, 2019. REUTERS/Simon Dawson

LONDON : BT Group met market expectations on Thursday with a 1 per cent increase in revenue for the three months to end-June, helped by price rises and improved trading in its consumer division and Openreach networks.

Britain's biggest mobile and broadband company reported core earnings of 1.9 billion pounds ($2.3 billion), up 2 per cent, on revenue of 5.1 billion pounds, and said it remained confident about its outlook.

($1 = 0.8210 pounds)

Source: Reuters

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