BT's half-year results demonstrate a paradox where strategic priorities, particularly in the FTTP build rate, succeed amid an overall decline in profits and revenues.
Despite the positive performance in Openreach's broadband business, the disappointing overall profits highlight vulnerabilities in BT's business division, impacted significantly by external market conditions.
The telecom giant reported a £1.0bn profit before tax, a 10% decline year-over-year, largely attributed to lower revenues and higher specific costs amidst challenging market conditions.
Even with a record FTTP build rate and increasing market demand, BT faced operational difficulties, showing that growth in one area might not offset declines in another.
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