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Pre-tax profits for BT down 81%
Telecommunications giant BT have announced that pre-tax profits in the three months to December 2008 have fallen 81% from £630m to £113m.
Shares in the company have fallen to a record low following the announcement to the lowest level since BT was privatised in 1984.
This news follows a report by the telecoms regulator that it would not be able to stop BT from securing an adequate return on its investment regarding its plans to spend £1.5bn on a superfast broadband network.
Post Date: February 13th, 2009
Shares in the company have fallen to a record low following the announcement to the lowest level since BT was privatised in 1984.
This news follows a report by the telecoms regulator that it would not be able to stop BT from securing an adequate return on its investment regarding its plans to spend £1.5bn on a superfast broadband network.
Post Date: February 13th, 2009
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