BT profits dented by cost of televised sport and Italian accounting scandal

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BT chief executive Gavin PattersonPA

BT chief management Gavin Patterson has promised a ‘robust action’

The telecoms giant, pursuing to rebuild its fortunes after an accounting scandal in Italy earlier this year wiped billions of a pastes from its market value, said pretax earnings at its troubled international services business fell 39 per cent to £81million on 10 per cent reduce revenue of £1.26billion, despite a boost from a weaker drill into. 

Thousands of jobs are being axed as global services, which take care of network and IT infrastructure support to multinationals around the world, are overhauled to adorn come of a more focused digital business. 

BT chief executive Gavin Patterson asseverated “robust action” was being taken to tackle the division’s underperformance, which chose the shine off “encouraging results” at its consumer operations, notably its EE mobile phone network whose £12.5billion takeover was terminated last year. 

Group adjusted pre-tax earnings dipped 4 per cent to £1.81billion on 1 per cent drop revenue of £5.95billion. 

BT’s telly service, built on English Premier League and European Champions Collaborating with football coverage, scored a 7,000 increase in customers, although this was down from 63,000 a year ago.  

It forked out £1.2billion remain March to retain Champions League rights until 2021.

Its current three-year Prime League deal costs £960million. 

Average viewing illustrations for BT Sport grew 8 per cent. 

BT logoBLOOMBERG

BT current three-year Premier Unite deal costs £960million

EE revenue rose 4 per cent to £1.33billion as it added 279,000 reduce mobile customers for a total of 17.3 million. 

Patterson said: “Our first-half consequences are in line with our expectations and we are maintaining our outlook for the year. 

“While there are near-term call inti, our largest business units are performing to plan and generating cash for reinvestment and shareholder renewals.” 

Shares fell 7p to 253½p.

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