BT Earnings Fall on Sports Investment to Attract Subscribers
- Company adds 106,000 TV customers in the second quarter
- Adjusted second-quarter Ebitda tops analysts' estimates
BT Group’s Core Commitment to Secure Data
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BT Group Plc’s earnings fell last quarter after the U.K.’s biggest broadband provider boosted spending on exclusive rights to broadcast high-profile soccer games to attract pay-TV customers.
Adjusted earnings before interest, taxes, depreciation and amortization declined about 1 percent to 1.44 billion pounds ($2.2 billion) in the three months ended September, the London-based company said in a statement Thursday. That compares with the 1.42 billion-average of estimates compiled by Bloomberg. BT added 106,000 TV customers in the period, compared with 60,000 in the preceding quarter.