BT Revenue Falls 3%, Eyes International Restructuring

BT reported a 3% drop in third-quarter revenues to £5.2 billion, attributed to challenging international trading conditions and reduced handset sales, despite growth in its ultra-fast broadband network. This decline was below analyst expectations of £5.24 billion. Nonetheless, BT's cost-cutting measures improved its adjusted EBITDA by 4% to £2.1 billion, exceeding forecasts. The company maintained its full-year guidance for revenue decline between 1% to 2% and adjusted EBITDA of £8.2 billion. BT's shares fell by 4% following the announcement, reflecting investor concerns over its sales performance. CEO Allison Kirkby is considering restructuring BT's international operations and possibly selling them to focus on the UK market.