Here are the figures from the annual report of BT PLC
http://www.btplc.com
Highlights
BT is one of the world’s leading providers of communications solutions serving customers in Europe, the Americas and Asia Pacific. Our principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. In the UK, we serve over 20 million business and residential customers, as well as providing network services to other operators.
Group turnover of £18.6 billion
New wave turnover of £4.5 billion, up 32%
Profit before taxation, goodwill amortisation and exceptional items of £2.1 billion, up 4%
Earnings per share before goodwill amortisation and exceptional items of 18.1 pence, up 7%
Net debt reduced from £8.4 billion to £7.8 billion
Full year dividend of 10.4 pence, up 22%
Broadband end users of 4.9 million, up 123%
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So - before taxation they made a profit of £2.1 billion - with an overall debt of £7.8 billion.
Less tax - they probably made £1.7 billion (my thumbsuck) - and of course if we had to amortize the debt they would make a loss.
What it all comes down to - is telkom makes more money on less turnover, less clients, less overall business.
- and we're the suckers that are paying for it month after month. And the country is paying for it in spades - or seemingly we can't afford spades (to build roads etc.) - so the SA is paying for it in poor people on the street, throttled business, and the poor performance of all other companies following telkoms lead (vodacom, mtn, dstv - all the other crap we deal with in this country).
Sick to death.
/and it goes on/ (and all we have to do is compare BT's site with telkom - says worlds)
Our position remains that a strategic and flexible regulatory regime, together with rapid deregulation wherever possible, is vital to meeting customers’ developing needs and creating the conditions in which we, and others, can continue to invest with confidence.
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It is increasingly important that companies such as BT continue to be good corporate citizens, living up to our responsibilities to the communities in which we operate and to the environment.
http://www.btplc.com
Highlights
BT is one of the world’s leading providers of communications solutions serving customers in Europe, the Americas and Asia Pacific. Our principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. In the UK, we serve over 20 million business and residential customers, as well as providing network services to other operators.
Group turnover of £18.6 billion
New wave turnover of £4.5 billion, up 32%
Profit before taxation, goodwill amortisation and exceptional items of £2.1 billion, up 4%
Earnings per share before goodwill amortisation and exceptional items of 18.1 pence, up 7%
Net debt reduced from £8.4 billion to £7.8 billion
Full year dividend of 10.4 pence, up 22%
Broadband end users of 4.9 million, up 123%
---->
So - before taxation they made a profit of £2.1 billion - with an overall debt of £7.8 billion.
Less tax - they probably made £1.7 billion (my thumbsuck) - and of course if we had to amortize the debt they would make a loss.
What it all comes down to - is telkom makes more money on less turnover, less clients, less overall business.
- and we're the suckers that are paying for it month after month. And the country is paying for it in spades - or seemingly we can't afford spades (to build roads etc.) - so the SA is paying for it in poor people on the street, throttled business, and the poor performance of all other companies following telkoms lead (vodacom, mtn, dstv - all the other crap we deal with in this country).
Sick to death.
/and it goes on/ (and all we have to do is compare BT's site with telkom - says worlds)
Our position remains that a strategic and flexible regulatory regime, together with rapid deregulation wherever possible, is vital to meeting customers’ developing needs and creating the conditions in which we, and others, can continue to invest with confidence.
--
It is increasingly important that companies such as BT continue to be good corporate citizens, living up to our responsibilities to the communities in which we operate and to the environment.
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