BT reported preliminary turnover of £18,519 million for its fiscal year ending 31-March-2004, down 1% over the preceding year. Excluding the regulatory reductions to mobile termination rates the underlying turnover increased by 1.4%, which compares to a decline of 1.4% in the preceding quarter.
On the DSL front, BT reported an installed base of 2.45 million Wholesale broadband lines as of 14-May-2004, an increase of 162% on the number of connections 12 months ago, with net additions in the quarter growing at more than 35,000 per week. The increasing base is reflected in a 112% increase in broadband revenues to £165 million in the quarter which brings the full year revenue to £491 million, an increase of 107% over last year. http://www.bt.com
