British Telecom shares took a dive last week as the company announced cash flow problems and a drop in the value of the company pension fund.
It raises the question amongst the big Internet Service Providers, how much more value is there in the broadband market. BT themselves added 103,000 new subscribers in the three months from April to June, down from 150,000 in the previous quarter, although the company believes that is still 31% of the current market.
In the same period Carphone Warehouse has seen new sign ups dwindle to just 41,000, but spare a thought for Orange who have spent untold millions promoting their broadband service, only to experience problem after problem in getting the business to work. They have actually lost 44,000 broadband customers in the second quarter, the company’s third consecutive quarter of negative growth.
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