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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 broadband and TV services. | |
The company also announced that it will spend £6bn over the next three years to roll out faster broadband and mobile phone services. | |
Total sales rose 6% to almost £19bn, which includes £1.06bn contribution from mobile operator EE. | |
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. |
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 |