BT Group: at half-mast after 9m trading update
(CercleFinance.com) - The BT Group stock is down 3.
1% in London today, after the UK incumbent telecom operator reported a sluggish EBITDA of 5.55 billion pounds over the first nine months of FY 2018-19.
The group boosted by revenue growth at the consumer business and cost savings relating to restructuring, although this was offset by falls in revenues at Openreach and at its corporate division.
Notwithstanding significant market and regulatory pressures, BT Group confirms its outlook and expects EBITDA to reach the upper end of its target range for the full year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
1% in London today, after the UK incumbent telecom operator reported a sluggish EBITDA of 5.55 billion pounds over the first nine months of FY 2018-19.
The group boosted by revenue growth at the consumer business and cost savings relating to restructuring, although this was offset by falls in revenues at Openreach and at its corporate division.
Notwithstanding significant market and regulatory pressures, BT Group confirms its outlook and expects EBITDA to reach the upper end of its target range for the full year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.