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Broadband demand helps BT beat Q1 earnings forecast

BT avoids call for breakup

Britain's biggest telecoms group BT reiterated its outlook for the full-year after strong demand for broadband helped it to report better-than-expected first-quarter core earnings.

BT reported earnings before interest, tax, depreciation and amortisation of £1.82 billion ($2.40 billion) in the three months to the end of June, compared with a company-supplied analyst forecast of £1.78 billion.

BT, which is locked in talks with the telecoms regulator Ofcom over the need to restructure to improve national broadband coverage, said in May it expected to produce core earnings of around 7.9 billion pounds for the year.

Jason Alden/Bloomberg via Getty Images

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