BT Q2 2011/12 results: light before the dawn?
7 November 2011
BT reported its eighth successive quarter of strong growth in broadband volume and is aiming to complete deployment of next generation access one year early, yet within existing capex guidance for the group
Progress at Global Services and BT Wholesale is continuing, but remains very gradual
We continue to expect guidance for the current financial year to be met, though not significantly exceeded. But broadband momentum and excellent cost control suggest the prospects for FY2012/13 are improving