What a difference a year has made for BT (NYSE: BT). Buoyed by operational improvements and cost cutting, BT bounced back with $308.4 million in net profit in three months to March 31.
This is a stark contrast to last year's financial blow from the poor performance of its global services unit with a restated $1.48 billion net loss in 2009, which included a $1.9 billion charge from its global services division. And while BT's revenue declined 2 percent to $7.86 billion for the year, it was above analyst expectations of $7.56 billion.
One area of growth BT is making an investment in is broadband. BT plans to invest an additional $1.46 billion to expand the reach of its planned Fiber to the X network deployment plans.
BT raises bar for its FTTX plans
BT unveils new FTTX locations
BT reveals FTTX service pricing
BT accelerates its Fiber to the X deployment timeline
BT boosts Fiber to the Premise plans
BT unveils aggressive Fiber-to-the-X timeline
BT Wholesale debuts new broadband wholesale service
BT Openreach to conduct FTTP trials in existing service areas