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BT Tops 2,700,000 Broadband Users

Posted: 29th Jul, 2004 By: MarkJ
BT's latest financial results to 30th June 2004 have revealed that the operator had 2.7million broadband end users, a figure that's presently expected to be around 3m. This amounted to a 124% increase on the number of connections 12 months ago:

New wave turnover is mainly generated from Information and Communications Technology (ICT) solutions, broadband, mobility and managed services. ICT turnover grew by 15 per cent to £634 million partly reflecting the strong order intake last year. Mobility turnover at £43 million achieved growth of 169 per cent. Broadband turnover doubled to £186 million.

Growth in new wave turnover of 81 per cent from our UK Wholesale business was driven by broadband and managed services, which more than compensated for the decline in our traditional UK Wholesale product prices.

There was an installed base of 2.7 million wholesale broadband lines by June 30, 2004, an increase of 154 per cent on the number of connections 12 months ago, with net additions in the quarter growing at more than 36,000 per week. BT Retail had 1,102,000 broadband connections at June 30, 2004, an increase of 98 per cent on June 30, 2003.

The growth of broadband continues with 1,102,000 BT Retail connections at June 30, 2004, an increase of 14 per cent in the quarter. During the quarter, BT Retail's market share of DSL net additions was 29 per cent. Broadband turnover grew by 93 per cent compared to the first quarter last year to £110 million. From July 1, 2004, BT has reduced its prices on BT Yahoo! 1mb, BT Yahoo! 512k and BT Broadband in line with other competitors.
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