Weekly story

BT's push into football and fibre broadband drives up revenues

http://www.theguardian.com/business/2014/jan/31/bt-sport-football-fibre-broadband-revenues-profits 

The push which BT made into football and their fibre broadband helped them to increase 2% in their revenue across the company. They claim that with BT sports they have attracted another half a million extra customers. BT's group pre-tax profits grew 8% to £722m in the three months to the end of 2013. They did not do as well in the retail division which includes their broadband, phone services and BT sports to UK homes. Retail revenues were higher than the City had expected at £1.85bn, up 4% in the three months to 31 December compared with the same period last year.The drop in retail earnings was offset by a 22% rise at the global services division, which won a new international contract with Tesco."Our strategic investments are delivering," said BT chief executive Gavin Patterson. "It was another record quarter for fibre take-up and there are now more than 18m premises with access to our fibre. Fibre helps SMEs to compete and underpins our TV plans."

My view: I personally believe that the new company is doing really well, as they have justed reciently opened BT sports. This shows how Sports means a lot to the people in Britain, which is why we can see a high number of new customers joining BT. Bt will have to some how come up with new offers with their phone, as they can see a decrease in the sales of phone services. it shows how hard the company worked together which is why it has made them so successful. If they did not make the push in their Sports and fibre broadband then they wouldn't have rised the revenue for the company.