BT revenues for the period ended 31 March 2008 grew two percent year-over-year to GBP5.4 billion (USD10.5 billion), slightly better than expected, thanks to an increase in revenues from what BT refers to as "new wave" services.
New wave revenues, built on broadband and corporate IT services, were up nine percent at GBP2.3 billion and now account for over 40 percent of total revenues.
Not so many years ago the key story was access line attrition. These days, the story is about how fast new services are being created to replace dwindling revenue streams.
And while derided as "dinosaurs," tier one providers for the most part are showing that they can adapt to an environment many simply concluded would kill them.
Thursday, May 15, 2008
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