BT Results Beat Expectations

Chief Verwaayen claims the telco is trading in "new wave" broadband revenue for declines in traditional services

BT Group's first-quarter results for the current financial year were released on Thursday to show a growth in revenue of £153m (2.8 per cent) - slightly higher than analysts had expected.

The telecommunications incumbent saw also pre-tax profit rise to £615m from £511m in the equivalent period last year. Income from BT Retail dropped by two per cent but revenue from BT Wholesale rose by an equivalent percentage.