BT's push into football and fibre broadband drives up revenues
Due to the football contracts has allowed them to build and increase their subscription by 2%. BT sport has no attracted over half a million extract customers since they started showing football. BT's group pre-tax profits grew 8% to £722 million in the three months to the end of 2013. In order for the BT to claim the rights of the premier and champions league the BT had to take a cut of 8% fall in earnings. I believe that the loss which has come from claiming the rights to premier and champions league football will be worth it as, this will allow them to gain more viewers and subscriptions which will then make their money back.
- BT are expecting an increase of £1.85 billion which is a 4% increase over three months.
- "We are open to wholesale arrangements with Sky,"
- BT shares were 3% higher as they announced 150,000 new broadband customers, and a 60% share of new connections on its network.
No comments:
Post a Comment