Half Year Results 

BT holds firm on dividend

BT holds firm on dividend

BT (BT.) saw a slight dip in revenue for the first half of the 2020 financial year on the back of regulatory caps on international calls and mobile charges and a shift away from lower-margin business. Whilst statutory earnings remained relatively stable, adjusted cash profits dropped by 3 per cent to £3.92bn amid higher spectrum licence fees – payments to the government to use specific radio frequencies – as well as increased content costs and capital expenditure.

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