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LONDON, Feb 4 (Reuters) - BT, Britain's biggest broadband
and mobile operator, said it remained on track for the year
after reporting a 5% drop in both adjusted revenue and core
earnings for its third quarter, a fall it mainly put down to the
impact of COVID-19.
"We delivered results in line with our expectations for the
third quarter and remain on track to deliver our 2020/21 outlook
despite even greater COVID-19 restrictions than previously
forecast," Chief Executive Philip Jansen said on Thursday.
It reported adjusted revenue of 5.477 billion pounds ($7.44
billion) and core earnings of 1.882 billion pounds for the three
months to end-December, both slightly ahead of analysts'
expectation.
BT kept its outlook for core earnings for the year to
end-March at 7.3-7.5 billion pounds, but it raised the lower
limit of its free cash flow range to 1.3 billion pounds, giving
a new range of 1.3-1.5 billion pounds.
($1 = 0.7359 pounds)
(Reporting by Paul Sandle; editing by Estelle Shirbon)