BT earnings down, hit by cost of sports rights

BT reported a 4% decline in earnings in the second quarter of its financial year as a result of the cost of sports rights, higher pension costs and a weak performance from its Global Services unit, amongst other things.The U.K. incumbent posted adjusted EBITDA of £1.81 billion (€2 billion) for the three months to the end of September…read more on TotalTele.com »