Demand for broadband lifts BT to strong full-year results

Thursday 08 May 2014 13.28
BT reports its first growth in consumer revenues in a decade
BT reports its first growth in consumer revenues in a decade

Strong demand for fibre broadband and television helped 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 reported a return to quarterly revenue growth last quarter for the first time in four and a half years.

It 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.