BT reported strong earnings of 4.1 pence per share, up 64% compared to the period last year, despite flat quarterly revenue of £4.586 billion. The company credited financial discipline for its ability to generate free cash flow of £618 million for the quarter. Net debt has now been reduced below £9 billion, £4.4 billion less than at this time last year. Some key operating statistics:
BT | |||
| 30-June 2003 | 31-Mar 2003 | 30-June 2002 | |
| BT Group exchange lines | |||
| Business, incl. wholesale | 9,215,000 | 9,197,000 | 9,122,000 |
| Consumer, incl. service provider | 20, 492,000 | 20,448,00 | 20,192,000 |
| BT Retail | |||
| BT Openworld Broadband | 333,000 | 292,000 | 167 |
| BT Broadband | 203,000 | 137,000 | - |
| Total ISP customer base | 2,035,000 | 1,948,000 | 1,754,000 |
| BT Wholesale | |||
| ADSL lines provided | 1,058,000 | 800,000 | 277,000 |
| network volume growth | 3% | 6% | 3% |
| % UK households where available | 71% | 67% | 66% |
| BT Global Services | |||
| Inter city fiber (kms) | 48,000 | 48,000 | 57,000 |
| Web hosting centers | 22 | 22 | 19 |
| Dial access ports (000s) | 615,000 | 606,000 | 637,000 |
