BT finalises Discovery sports tie-up

 BT finalises Discovery sports tie-up


The BT logo can be seen outside its headquarters in Milan, Italy January 24, 2017. REUTERS/ Stefano Rellandini/ File Photo

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LONDON, May 12 (Reuters) – BT, Britain’s largest broadband and mobile operator, says it has finalized an agreement to combine Discovery Inc’s sports broadcasting unit, as it has met expectations. there will be a 2% increase in core income for the end of the year. -March.

The company, which announced the Discovery tie-up in February, also confirmed its outlook for this year, as it expects core revenue to rise to at least 7.9 billion pounds ($ 9.6 billion) from 7.6 billion. billion pounds reported on Thursday.

BT reported a 2% decline in revenue of 20.9 billion pounds, reflecting a decline in its Enterprise and Global units, in part offset by growth in the Openreach division, which upgraded its network in fiber.

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The consumer division, which will focus more on the group’s EE mobile brand, returned to growth in the fourth quarter, it said.

“While the economic outlook remains challenging, we continue to invest for the future and I am confident that the BT Group is on the right track,” Chief Executive Philip Jansen said.

($ 1 = 0.8199 pounds)

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Reporting by Paul Sandle; Edited by Kate Holton

Our Standards: The Thomson Reuters Trust Principles.



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