BT full-year earnings beat forecasts

UK austerity hitting revenue: BT Consumer CEO

BT Group posted a better than expected 3 percent rise in full-year earnings and raised its outlook for free cash flow after a strong finish to the year, when it connected a record 455,000 fiber broadband customers.

The British broadband market leader, which is buying the country's biggest mobile network EE, reported core earnings of 6.27 billion pounds ($9.6 billion), beating market expectations of 6.22 billion pounds. Underlying revenue fell 2 percent at 17.85 billion pounds.

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