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Shares in telecoms behemoth BT (LON:BT.A) firmed 7.65p to 232.5p (as at 09:26 BST) as it said adjusted EBITDA rose 1% to £1.8 billion, mainly driven by stronger handset margins in its consumer business and restructuring-related cost savings.
The firm also reported a 2% decline in underlying revenue as regulated price reductions in Openreach and declines in its enterprise businesses offset growth in the consumer business.
“Our customer experience metrics continue to improve, and we have seen the successful launch of new converged products including BT Plus, our first consumer converged offering and 4G Assure, for business customers,” commented CEO Gavin Patterson.