BT: New dance

It takes nimble feet to dance to a new tune. But for a telecoms giant once crippled by debts and reliant on the dwindling fixed-line market, BT is proving surprisingly agile. BT’s growth last year reflected its success in raising the tempo at its so-called new wave operations, which target the broadband and services markets. Residential broadband connections nearly doubled to 1.3m year on year, while BT’s Global Services division broke into operating profit. Encouraged by such improvements, BT...