Everybody moans about BT but............
http://news.sky.com/skynews/Article/201009115990327BT Snaps Up New Customer Every 30 Seconds 10:44am UK, Thursday May 12, 2011
BT Group has posted a big rise in profits, mainly thanks to its roll out of 'super-fast' broadband services which picks up a new customer every 30 seconds.
BT posted a big rise in profits
BT has added 144,000 customers to its super-fast broadband service
The telecommunications provider made £1.7bn in reported pre-tax profits in the year to March 31 - up 71% on the year before.
Revenues fell 3% but savings of £1.1bn were made.
The success is partly due to BT's roll-out of broadband services; it added 1.1m homes to its network over the year, the equivalent of a new connection every 30 seconds.
BT's Global Services division saw its orders up 10% at £7.3bn and it also turned cash-flow positive a year ahead of plan.
BT has halved down its pension deficit to £3.2bn
In the three months to March 31, revenue fell 6% to £5bn though pre-tax profit rose 21% to £610m.
BT has made big strides in tackling a major concern for investors and staff alike: the size of the group's pension deficit.
Last year, it announced a 17-year scheme to fund its £9bn deficit but said at the time that the pensions regulator had "substantial concerns."
The services provider has now halved it down to £3.2bn, and a review into its deficit repayment scheme by the pension regulator has been put on hold.