BT Group announced its results for the first quarter of 2007. Total revenue has risen by 3.5 per cent to £5,033 million in the quarter with continued strong growth in new wave revenue. Growth in total revenue outweighted the rise in EBITDA before specific items and leaver costs, which grew by 2.8 per cent.

Strong growth was observed in 'new wave' revenue generated from networked IT services and broadband, which grew by 11 per cent more than last year to £1,815 million and now accounts for 36 per cent or more than a third of the BT Group’s revenue. Networked IT services revenue grew by 8 per cent to £1,061 million, and broadband revenue surged by a massive 19 per cent to £540 million.

By 30 June 2007, BT had 11.2 million wholesale broadband connections (DSL and LLU), including 2.4 million local loop unbundled lines, an increase of 2.5 million connections year on year as the broadband market continues to show strong growth. In the UK, BT is rebuilding its core national network and reports that, following a successful pilot trial of in Cardiff, it is on track to launch 'next-generation broadband' services delivering up to 24Mb nationally in early 2008.

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