Business
Trading update for first quarter to 30 June 2018
Trading update for first quarter to 30 June 2018.
About this update from Bt Group Plc
[{"type":"text","content":"\n \nRNS Number : 9434V BT Group PLC 27 July 2018 \n\nBT Group plc \nTrading update for the first quarter to 30 June 2018\n27 July 2018\nBT Group plc (BT.L) today announced its trading update for the first quarter to 30 June 2018.\nKey developments for the quarter\nStrategic:\n· Successfully launched new converged products including BT Plus and 4G Assure\n· EE to launch the UK's first live 5G trial network in East London in October\n· Future Telecoms Infrastructure Review conclusion and Ofcom's approach to future regulation provide positive progress towards enabling fair returns for infrastructure investment\n· Openreach announced new wholesale pricing discounts to accelerate superfast and ultrafast uptake\n· Continued improvement in customer experience metrics; Group NPS1 up 1.9 points and Right First Time2 up 3.1%\n· Initiatives to transform our operating model on track; new Enterprise senior leadership team announced\nOperational:\n· Over 1.7m total ultrafast premises passed; currently building FTTP to c.10,000 premises per week\n· Monthly fixed ARPU up 1% to £37.9, with increased mix of SIM only reducing postpaid mobile ARPU by 1% to £21.7; churn remains low at 1.2%\n· Mobile customers up 4% in Business and Public Sector. External broadband lines down 6% in Wholesale and Ventures and 3% in Business and Public Sector \nFinancial:\n· Reported revenue of £5,715m. Underlying3 revenue down 2%4 as regulated price reductions in Openreach and declines in our enterprise businesses offset growth in our consumer business \n· Adjusted3 EBITDA up 1%4 to £1,800m mainly driven by strong...