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EE drives BT Q2 revenue increase to £6 billion

Alex Yau
October 28, 2016

The EE parent claimed the operator contributed £1.2 billion in revenue for the quarter

BT claims its acquisition of EE has helped its Q2 revenues (three months ending September 30) this year rise 35 per cent annually from £4.4 billion to more than £6 billion.

The figures were revealed in the broadband giant’s most recent financials released this month. (October 27). Revenues for the first half of the year also increased 34 per cent from £8.8 billion during H1 2015 to £11 billion.

According to BT, the growth was largely driven by EE, which it acquired in January for £12.5 billion. The operator contributed £1.2 billion to Q2 revenue, only being beaten by the £1.4 billion generated from global services.

The broadband giant claimed to have a total mobile base of more than 30 million customers. Over 280,000 contract customers were added in the Q2, bringing total connections in the area to 16.4 million. Prepay customers dropped 325,000 to 7.6 million, whilst total 4G subscribers hit 17.6 million.

BT chief executive Gavin Patterson said: “This is a positive set of results, both operationally and financially, and we remain on track to achieve our full year outlook. We’ve made good progress on the integration of EE and the delivery of our synergy targets. Our consumer facing lines of business have performed well, but in the enterprise space, UK public sector continues to be a challenging market.

“Across the group, we continue to drive cost reduction and productivity improvements. Customer experience remains a key priority, and we’re stepping up our investments in the second half of the year. And we’ll continue to invest in our ultrafast and 4G plans in 2017 and beyond. Ofcom’s consultation on the Digital Communications Review closed earlier this month; we’ve submitted our response and will continue to engage with Ofcom to reach the best outcome for the UK.”

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