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BT Reports Higher Profit After Cutting Costs, Adding Fiber Users

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BT Reports Higher Profit After Cutting Costs, Adding Fiber Users BT Group Plc reported higher profit last quarter after the former UK telecommunications monopoly slashed costs to focus on its core UK market and added more fiber users for high-speed internet service. Adjusted earnings before interest, taxes, depreciation and amortization rose slightly to £2.08 billion ($2.8 billion) in the quarter ending in September, the company said in a statement on Thursday. That compared to the £2.04...

BT Reports Higher Profit After Cutting Costs, Adding Fiber Users BT Group Plc reported higher profit last quarter after the former UK telecommunications monopoly slashed costs to focus on its core UK market and added more fiber users for high-speed internet service. Adjusted earnings before interest, taxes, depreciation and amortization rose slightly to £2.08 billion ($2.8 billion) in the quarter ending in September, the company said in a statement on Thursday. That compared to the £2.04 billion forecast by analysts in a Bloomberg survey.
BT Reports Higher Profit After Cutting Costs (ORG) Fiber Users BT Group Plc (ORG) UK (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Technology Read original →