BT raises forecast after broadband boost

first_img Show Comments ▼ BT raises forecast after broadband boost whatsapp Tags: NULL BT has raised its full-year core earnings outlook after posting better-than-expected second quarter results boosted by demand for broadband and its Global Services unit.It now expects to post full-year adjusted core earnings of around £5.8bn, compared with a previous pledge to perform in line with the year before which achieved earnings of £5.6bn.Britain’s biggest fixed-line telecoms provider said it also now expected to hit its target of generating free cash flow of £2bn this year, two years ahead of target.Sentiment around BT has improved strongly in recent months after it recovered from two major profit warnings due to problems at its key Global Services division, which provides IT services to multinational companies.It said the order intake for Global Services was up 50 per cent.Overall, BT posted second quarter revenues down three per cent to £5bn.“We have made significant progress in improving profitability and cash flow, enabling us to invest in building the foundations for revenue growth in 2012/13,” chief executive Ian Livingston said in a statement.“We have increased our EBITDA outlook for the year and now expect to hit our 2 billion free cash flow target two years early.”BT said its strong performance was helped by improvements across the board, but it enjoyed particularly strong demand for broadband, adding 114,000 customers, which represented a 45 per cent market share of new additions on the network, one of its highest shares ever.It had 24,000 net additions to its BT Vision TV service, which it launched to increase customer loyalty, giving it a total of 520,000 compared with BSkyB’s 10 million.It has also started showing the Sky Sports TV channels for the first time and said over 50,000 customers took the Sky Sports service. John Dunne center_img whatsapp Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Thursday 11 November 2010 2:50 amlast_img read more

Sportpesa live in Kenya again after court overturns licence suspension

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sportpesa’s initial 2019 withdrawal from the market was due to an excise tax on betting stakes being raised from 10% to 20%. The tax was ultimately removed entirely in Kenya’s budget, which became law in July this year. However, the country’s Treasury Secretary Ukur Yatani has claimed the government will look to reintroduce the tax before the year’s end. However, following multiple Kenyan High Court rulings in its favour, the operator has announced that it is now once again permitted to launch in the country. Sportpesa live in Kenya again after court overturns licence suspension The BCLB had initially also requested a meeting with Milestone operations manager Bernard Chauro regarding the suspension, but the BCLB noted that – given the suspension had lapsed – the meeting would be cancelled. Sportpesa has once again resumed activity in Kenya, following a new ruling from the country’s High Court. Email Address Topics: Legal & compliance Sports betting Legal Licensing Regulation Online sports betting Subscribe to the iGaming newsletter Tags: Sportpesa  “We continue to work with all regulatory authorities in the jurisdictions in which we operate, and note the recent correspondence we have had with the Betting Control and Licensing Board,” Sportpesa added. 30th November 2020 | By Daniel O’Boyle Legal & compliance That tax followed a dispute over a different 20% tax on winnings, which the BCLB had interpreted to include the original stake, causing it to suspend Sportpesa’s payments until the operator paid the back taxes the regulator said were owed. However, a November 2019 court ruling affirmed Sportpesa’s interpretation that stakes were not included in the tax. “SportPesa is pleased with a series of recent High Court rulings in Kenya, which have enabled us to rightfully return to our home market,” it said. “We look forward to this issue being resolved quickly and efficiently, so that we can continue to provide our services and support the Kenyan economy at this essential time.” Regions: Africa East Africa Kenya The operator initially returned from a year-long withdrawal from its home market last month under a licence held by a new operator, Milestone Games.  However, this return was short-lived as regulator the Betting Control and Licensing Board (BCLB) ruled that its new licence holder did not have permission to use the Sportpesa brand. In a letter to Sportpesa, BCLB chairman Cyrus Maina said Sportpesa was still engaged in an appeal over its own licence and that this prevented another licensee from using the brand.last_img read more