BT Q1 revenue shade high at £4864-m 

LONDON: British

Telecom (BT) has posted total revenue of £4864 million for the first

quarter, three percent higher over the last year same period.






Earnings per share before specific items and leaver costs increased by 26 per
cent to 5.8 pence, the seventeenth consecutive quarter of year on year growth.

The company has posted profit before taxation and after specific items were £615

million, growth of 23 per cent over last year. The company's net debt stood at

£7,727 million.






The growth in new wave revenue continued and at £1,641 million was 18 per cent
higher than last year. New wave revenue accounted for 34 per cent of the

group's revenue compared to 29 per cent in the first quarter of last year. New

wave revenue is mainly generated from networked IT services, broadband and

mobility. Networked IT services revenue grew by nine per cent to £981 million,

broadband revenue increased by 45 per cent to £454 million and mobility revenue

increased by eight per cent to £71 million.






Revenue from the group's traditional businesses declined by four per cent
continuing recent trends. This reflects regulatory intervention, competition,

price reductions and also technological changes that we are using to drive

customers from traditional services to new wave services.






Major corporate (UK and international) revenue showed growth of 6 per cent, with
10 per cent growth in new wave revenue more than offsetting the decline in

traditional services. Migration from traditional voice only services to

networked IT services continued with new wave revenue representing 58 per cent

of all major corporate revenue.






BT had 8.7 million wholesale broadband connections at June 30, 2006, including
580,000 local loop unbundled lines, an increase of 2.9 million connections year

on year and 535,000 connections in the quarter.






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