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BT Q4 2014/15 results: Revenue a bit weak, fibre great - Venture Insights

Report Overview

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BT Q4 2014/15 results: Revenue a bit weak, fibre great

PublisherEnders Analysis.
Publish Date May 18, 2015
Sector Fixed Line (Internet and Voice), Telecom.
Company BT.

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BT had a somewhat mixed March quarter, with growth in consumer still strong but weaker than before, growth in UK corporate weak and even weaker than before, but fibre growth re-accelerating and cost-cutting very strong.

The company is still well on track, with 2015/16 revenue guidance reflecting fibre-driven consumer growth countered by UK corporate weakness, and EBITDA guidance reflecting strong cost-cutting partially mitigated by extra football rights costs.

Operationally the next few months will likely be dominated by the launch of BT’s Champions League coverage and associated marketing, with various regulatory processes keeping the company busy at the strategic level.