Firm unclear as to exact cost of coronavirus pandemic but now faces challenge from O2-Virgin Media merger
BT has scrapped its dividend for the first time in more than a decade to free up billions to invest in building 5G and next generation full-fibre broadband across the UK.
BT, which is facing a new rival after the owners of Virgin Media and O2 announced a £31bn merger earlier on Thursday, reported a 12% fall in pre-tax profits to £2.3bn for the year to the end of March.
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