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Demand for broadband lifts BT to strong full-year results
May 8, 2014 / 6:15 AM / 4 years ago

Demand for broadband lifts BT to strong full-year results

LONDON, May 8 (Reuters) - Strong demand for fibre broadband and television helped Britain’s BT report its first growth in consumer revenues in a decade and strong overall full-year results.

The 168-year-old former state telecoms monopoly, which reported a return to quarterly revenue growth last quarter for the first time in four and a half years, said it would extend its dividend and share buyback policy by one year.

It also increased its free cash flow forecasts for 2014/15.

BT’s financial performance has been helped by record customer demand for superfast broadband and its growing new sports TV service which is competing with the dominant pay-TV provider BSkyB. (Reporting by Kate Holton, editing by Paul Sandle)

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