BT has confirmed its revenues dropped by three per cent in the third quarter, amounting to 5.04 billion for the three month period.
Despite the losses though, the UK telecoms behemoth had positive news for its troubled Global Services division, which it claimed would become cash flow positive a year earlier than expected.
BT also reported it achieved its highest DSL broadband share in eight years, with 188,000 new connections amounting to 53 per cent of the market.
The other difficult area for BT, its pension deficit, also saw improvement, falling from 6.4 billion to 2.7 billion quarter on quarter.
Revenues for Openreach remained flat, which the company put down to an increase in copper and Ethernet products being weighted with a drop in price. However, its copper base increased by 43,000 compared to losses of 67,000 in the previous year.
Ian Livingston, BT's chief executive (CEO), concluded: "These results show that we are making progress on a number of fronts. There is always more to do but our performance underpins our outlook for this year and the period to 2012/13."
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