Friday preview: BT's third quarter revenues set to fall

Telecoms giant BT issues third quarter results in which comparisons with rival British Sky Broadcasting (BSkyB), which released figures earlier this week, will inevitably be made.

UBS expects the figures to be solid, but points out that the company's competitors are set to up their game this year, with Netflix and LoveFilm competing for "video on demand" (VoD) custom.

The broker expects third quarter revenues to fall 5.6% to £4,754m, down 2.1% on an underlying basis.

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