EE helps to drive BT's revenue up to £6 billion
BT has claimed that its acquisition of EE has helped to increase its Q2 revenue rise 35 per cent annually from £4.4 billion to more than £6 billion.
This recent growth has been attributed to their involvement with EE, which BT acquired for £12.5 billion in January 2016.
BT's chief executive Gavin Patterson has commented on the recent increase saying, "This is a positive set of results, both operationally and financially, and we remain on track to achieve our full year outlook. We’ve made good progress on the integration of EE and the delivery of our synergy targets. Our consumer facing lines of business have performed well, but in the enterprise space, UK public sector continues to be a challenging market."
"Across the group, we continue to drive cost reduction and productivity improvements. Customer experience remains a key priority, and we’re stepping up our investments in the second half of the year. And we’ll continue to invest in our ultrafast and 4G plans in 2017 and beyond. Ofcom’s consultation on the Digital Communications Review closed earlier this month; we’ve submitted our response and will continue to engage with Ofcom to reach the best outcome for the UK."