BT (NYSE: BT) may have reported that its first quarter consumer revenues were flat, but it has set a path for future broadband growth with the addition of 197,000 retail fiber-based broadband customers. It ended the period with a total 1.5 million FTTx broadband customers.
Two of the notable events that took place during the quarter were the launch of its slimline BT Hub 5 and a 300/20 Mbps fiber to the premises speed option in 50 markets. It also added 23,000 TV subscribers, advancing the customer base to 833,000.
The service provider reported that it passed a total of 16 million premises with its fiber network with over 1.7 million homes and businesses using its fiber-based services. Its retail share of the broadband market was 50 percent.
From an overall financial perspective, the service provider reported that revenue declined 1 percent to $6.89 billion.
BT retained its full-year outlook. It expects that EBITDA in the first half of the year will be impacted by its investment in BT Sport. In the second quarter it expects this to impact BT Retail EBITDA by about $154 million including program content costs that it will start to incur.
Shares of BT were trading at $51.67, down 0.45, or 0.86 percent, in late Monday morning trading on the New York Stock Exchange.
For more:
- see the earnings release
Special Report: Wireline telecom earnings in the second quarter of 2013
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