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BT profits boosted by broadband and TV BT profits boosted by broadband and TV
(35 minutes later)
BT has reported a 15% rise in annual profits to £3.03bn, helped by stronger demand for its broadband and TV services. BT has reported a 15% rise in annual profits to £3.03bn, helped by stronger demand for broadband and TV services.
The company has also announced that it will spend £6bn over the next three years to roll out faster broadband and mobile phone services. The company also announced that it will spend £6bn over the next three years to roll out faster broadband and mobile phone services.
BT's deal to buy mobile operator EE was cleared by regulators in January. Total sales rose 6% to almost £19bn, which includes £1.06bn contribution from mobile operator EE.
The company said the integration of EE was "going well". The deal to buy EE was cleared in January and BT said the integration of EE was "going well".
"We now see the opportunity to deliver more synergies than we originally expected, and at a lower cost," said chief executive Gavin Patterson."We now see the opportunity to deliver more synergies than we originally expected, and at a lower cost," said chief executive Gavin Patterson.
"And we're reorganising our business to better serve customers both in the UK and internationally." BT's results were boosted by a strong year for BT Consumer, which supplies broadband, telephone and TV services. Sales were up 7% at £4.6bn for the year.
Sports impact
The number of customers for its TV service jumped by 28% to 1.5 million.
BT said audiences for its sports coverage - where it has made massive investment - were up 45%, which it attributed to its live coverage of Champions League and UEFA Europa League matches.
BT also shares coverage of the FA Cup with the BBC and has a package of Premier League matches.
Broadband coverage
The company