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BT Posts Strong Figures As It Prepares To Acquire EE

BT has reported a 14% boost in annual pre-tax profit to GBP2.645bn, but group revenue fell 2% to GBP17.85bn in the period. The telecoms and media group, which yesterday unveils its fourth quarter and annual results for the year to 31st March, also confirmed that shareholders last week approved its GBP12.5bn acquisition of mobile group EE subject to regulatory approval. It plans to keep the EE brand extant in the short term. 

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