[ft] BT Group increased earnings and cash flow forecasts on Thursday as it unveiled a 43 per cent increase in first-half profit.
The improved outlook followed a strong second quarter for broadband, with 114,000 new customers added – a growth rate that was almost 60 per cent higher than the one it had posted a year earlier.
“Broadband has become more and more of an essential for people,” said Ian Livingston, BT chief executive.
In addition, he highlighted a continued recovery at BT’s lossmaking global services arm, which provides telecoms and IT services to governments and global corporations.
BT lifts forecasts after solid second quarter