BT Vision Sign-Ups Sluggish Ahead Of Sky Sports Offer

BT (NYSE: BT) Vision quarterly sign-ups slowed to their lowest for two years during Q2, as the hybrid Freeview/IPTV service added 14,000 customers, taking it up to 481,000.

BT clocked six percent higher EBITDA of £1.39 billion, despite four percent lower revenue of £5 billion.

The consumer-facing BT Retail division scored the biggest revenue drop – of seven percent, down to £1.9 billion.

BT added 96,000 net broadband customers in the quarter, giving it 40 percent UK market share.

The telco says it has now rolled fibre out to cabinets serving more than 1.5 million properties, and is rolling out another 100,000 per week, giving customers up to 40Mbps through the BT Infinity package.

But broadband-and-circuits revenue in BT Wholesale is down by £69 million.

If BT Vision does not post significant customer gains for Q3, having started offering Sky Sports in July to BT broadband customers at just £6.99pm, then something will be wrong.