BT reported Q1 revenue and EBITDA declines as Openreach lost broadband lines
TL;DR
BT reported lower first-quarter revenue and EBITDA, while Openreach continued to lose broadband lines, according to telecoms.com. The company said the results remained within its guidance.
BT reported a weaker financial performance in the first quarter of the current year, with revenue and EBITDA both declining, according to telecoms.com. The report said BT described the results as within guidance despite the year-on-year pressure on financials.
Openreach, BT's fixed network access business in the UK, continued to lose broadband lines in the same period, according to telecoms.com. The report identified the decline in broadband lines as an ongoing trend affecting BT's access network business.
telecoms.com said BT's first-quarter results were lacklustre but remained within the company's stated expectations. The source excerpt did not provide specific figures for revenue, EBITDA, or broadband line losses.
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