moneysupermarket.com: BT's yearly results

Commenting on BT's yearly results, Jason Lloyd, head of broadband at moneysupermarket.com, said: "BT's £2.5 billion share buy back will dominate the headlines, but for me the main story is BT regaining top spot as the largest provider of broadband services in the UK. The battle between Sky and Virgin Media has had them too focused on each other, allowing BT to concentrate on delivering broadband to its customers without distraction.

"While the growth of Sky and Virgin Media has come mainly through price-driven offerings, BT has refocused on providing a reliable broadband product with good customer service. BT also appears to be on track with the launch of BT Vision, but it's too early to tell whether it will be a realistic rival to Sky and Virgin Media.

"Its results show BT is more advanced than the competition, but that could change. One of the key issues is the roll-out of its BT 21st Century Network cable project. Virgin Media is the only other provider offering a credible alternative cable network. It is making all the right noises about superfast broadband and expanding its network beyond its 50 per cent UK reach.

"BT may have won the battle this time but it could still lose the war if it doesn't start pushing ahead with plans for its own cable network."