BSkyB Sales Beat Estimates as Broadband Customers Increase
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British Sky Broadcasting Group Plc’s first-quarter revenue beat estimates as the U.K.’s largest pay-TV provider signed more broadband customers in the face of greater competition from BT Group Plc.
Sales rose 7.5 percent to 1.84 billion pounds ($2.94 billion), the Isleworth, England-based company said in a statement today. That exceeded the 1.82 billion-pound average estimate of analysts surveyed by Bloomberg. The stock climbed as much as 5.3 percent, the biggest advance since November.