BT reported quarterly revenue of £5,095 million, up 3 percent YoY. New wave revenue was £1,914 million, up 10 percent YoY. New wave revenue is mainly generated from networked IT services and broadband and accounted for 38 percent of the group's revenue. Networked IT services revenue grew by 12 percent to £1,120 million and broadband revenue increased by 12 percent to £543 million. 
Some highlights for the quarter:
- BT had 11.7 million wholesale broadband connections (DSL and LLU) at September 30, 2007, including 3.2 million local loop unbundled lines, an increase of 2.4 million connections year on year. There were 479,000 connections in the second quarter with BT's retail share of those net additions at 178,000, being 37 percent. BT Retail's total broadband customer base was 4,074,000 at September 30, 2007. This accounts for 35 percent of the DSL and LLU total customer base.
- Revenue from the group's traditional businesses declined by 1 percent year on year, compared to a decline of 4 percent in the second quarter of last year.
- BT said it is on track to launch broadband at speeds of up to 24 Mbps during 2008. End user trials of the new service began in the West Midlands with the participation of three communications providers on November 1, 2007. The trials will extend further, leading to a roll out beginning in spring 2008.
- Next generation Ethernet services will launch later this financial year.
- In-life service evaluation of 21CN voice services among end users continues in South Wales, part of BT's preparation to bring 21CN capability to all customers across the UK over the coming years.
- The 21CN global platform is now available in 130 countries across the world, growing to 170 countries by the end of 2007, with 21CN I-Nodes now available in 31 locations across 26 countries supporting corporate VoIP.
- In October BT launched its new BT Design and BT Operate organizational structure.
