Profits dip at BT while troubled biz steams ahead with restructuring

All divisions flat or down as firm tries to up its fibre plans

Higher spectrum fees and content costs were blamed by BT for a wobbly bottom line at the half-way stage of its financial year.

Profits before tax for the six months ended 29 September were broadly flat at £1.33bn, compared with the same period last year. Earnings before interest, tax, depreciation and amortisation, meanwhile, fell 3 per cent to £3.9bn.

Source: Profits dip at BT while troubled biz steams ahead with restructuring