BT Global Services to continue cost cutting

On Thursday, BT announced its Q2 2013 financial figures. To recap, the Group achieved revenues of £4.47bn – representing a top line decline of 9% year-on-year, or a 5% decline on the underlying business (3.6% adjusted). EBITDA was flat at £1.49bn. The company expects the underlying revenue trend to improve in the second half of the year but not for the year as a whole. Read BT Global Services to sustain cost cutting for a closer look at what is going on behind the scenes (subscribers only).