Telecom
BT Quarterly Revenue Drops After Business Unit Struggles
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BT Group Plc’s struggling business segment and weaker phone sales contributed to lower third-quarter revenue as the former British phone monopoly works to refocus on its UK operations.
Adjusted revenue fell about 3% to £5.18 billion ($6.4 billion) in the quarter ended in December from a year earlier, the London-based phone company said in a statement on Thursday. That compared to the average £5.25 billion estimate from analysts in a Bloomberg survey.