Latest results from the BT Group
The BT Group has published its Third Quarter results, and the summary of nine months trading up to until 31st December 2004. Broadband highlights are that in the last quarter that 800,000 new DSL connections were made, bringing the total to 4.1 million. The current expectation is that this growth will continue and the 5 million milestone will be passed in Spring 2005.
Reading the report it is interesting to note that turnover in the BT Group's traditional businesses was 8 per cent down, this is attributed to the change in direction of BT, brought about by the embracing of new technologies and regulatory pressure. New Wave turnover which BT define as revenue generated from Information and Communications Technology (ICT) solutions and managed services, broadband and mobility now accounts for a quarter of the groups turnover. Broadband turnover alone increased by 98 per cent to £253 million.