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BT Q1 2013/14 results: Performance and prospects strong, BT Sport mainly defensive so far - Venture Insights

Report Overview

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BT Q1 2013/14 results: Performance and prospects strong, BT Sport mainly defensive so far

PublisherEnders Analysis.
Publish Date July 30, 2013
Sector Fixed Line (Internet and Voice), Sports.
Company BT.

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BT’s underlying revenue growth of -1% in the June quarter was a slight dip from the March quarter, but remains very impressive compared to historic trends and international peers

BT Sport gained over 500k sign-ups, a pretty respectable figure in context, but so far it is looking mostly defensive, with any impact on broadband trends in the quarter indiscernible

Regulated cuts to copper pricing look like they will drop out completely from 2014/15, and BT’s DSL competitors are starting to push fibre more aggressively, both of which will give BT a very solid boost from 2014