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Press Release

CWU welcomes strong BT results and congratulates staff

3 February 2012

The Communication Workers Union today (Friday) welcomes BT's strong third quarter results and congratulates staff, whose hard work has contributed to the boost in profits.

The union's Deputy General Secretary Andy Kerr said: "BT has delivered another strong set of results with profits and cash flow up significantly in the quarter. This is welcome news, reflecting the dedication and hard work of BT's staff, and demonstrates the company's resilience in difficult economic times.

"Take up of BT's superfast broadband product BT Infinity is growing strongly with 95,000 customers added in the quarter, and it is also encouraging to see BT is still investing heavily in fibre broadband. We welcome the news today that BT is set to double the speeds it can offer in Fibre to the Cabinet-enabled areas, from 40Mbps to 80Mpbs with a new product being introduced this spring.

"BT expects to see around two thirds of the UK with access to fibre broadband over its network by 2014, and believes it has the potential to take fibre to 90% of homes and businesses by working with local councils. This is great news for UK plc and the nation as a whole, with improvements to our digital infrastructure offering the potential to underpin economic recovery and create thousands of jobs."

BT financial results for the third quarter to 31 December 2011 showed reported profit before tax was up 48% to £652m and reported earnings per share was up 40% at 6.3p.

CWU represents non-managerial grade staff at BT, including engineers, call centre and support staff.



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Communication Workers Union

Communication Workers Union

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