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BT ‘on track’ to growth as it agrees Microsoft deal



BT says it is firmly on the path to growth despite a drop in first quarter revenues, pointing to momentum in its modernisation and network building programmes as well as an expanded partnership with Microsoft that should strengthen its business offering.

Revenues fell by 3% to £5.1bn, while pre-tax profits declined by 4% to £536 million despite a 3% increase in profitability.



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