British fixed line incumbent BT has released its financial results for the three-month period ended 30 September 2012, with the operator revealing that its ‘key revenue trend measure’, underlying revenue excluding transit, had fallen 5.5% in the quarter compared to the corresponding period last year. Such a decline, BT said, was the result of ‘the negative impact of the accelerated contract milestones recognised in the second quarter of last year and the Court of Appeal decision on ladder pricing’, with those two items accounting for 1.9 percentage points of the decline.
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OVETEL BT’s second quarter underlying revenue hit by regulation, recession
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