British fixed line incumbent BT has revealed that in the three months to end June 2012 it recorded a 6% decline in group revenue, which it said reflected ‘the tough conditions in Europe and the financial services sector, the impact of regulatory price reductions and lower revenue from calls and lines’. For the company’s first quarter of the 2013 fiscal year it generated turnover of GBP4.484 billion (USD6.96 billion), with BT noting that transit revenue had fallen by GBP67 million (including mobile termination rate reductions of GBP60 million) against the corresponding period a year earlier. Further, the operator said that it had seen a GBP56 million negative impact from foreign exchange movements in 1Q13, a drop it largely attributed to the weakening of the euro, while it also recorded a GBP13 million impact from disposals.
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OVETEL BT reports lower revenues amid tough conditions in Europe and at home
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