Press & PR

Broadband and telecoms provider BT has seen its shares drop 30 per cent after the company releases disappointing sales results.

The company fell short of its predicted sales increases by one per cent, which were estimated at £5.25 billion.

It experienced a considerable slump in its wholesale division, which lost about £10 million in revenues from television phone-in quizzes that have been taken off the air amid allegations of unfair practice.

With its wholesale arm faltering, BT is now relying on its broadband service for growth, the Times reports.

It recently announced that it plans to increase the cost to other internet service providers that wish to use its network to provide broadband to their customers.

Currently, a number of ISPs that do not have their own data network pay to connect to BTs broadband infrastructure.

The firm is presently in consultation with Ofcom over the matter and there are concerns that additional costs will be passed on to consumers.

Vonage is committed to providing a competitive internet phone service, allowing people to make cheap calls at home and abroad.