The biggest overhaul in a decade at BT has begun to be felt with job cuts reducing costs and boosting first quarter profit.
Gavin Patterson, the outgoing chief executive, said plans to transform the telecoms groups operating model had led to the reduction of about 900 roles and improved its cost performance.
Adjusted earnings rose 1 per cent to £1.8 billion in the first quarter, helped by restructuring-related cost savings and bigger margins on its EE mobile phone handsets.
Revenue was down 2 per cent to £5.7 billion as growth in its consumer business was offset by price reductions in its Openreach broadband infrastructure division and declines in its enterprise business which services business and public sector customers.
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