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Telecoms giant BT continued to increase its broadband subscriber base during the first quarter of 2012, it has been revealed.

The broadband provider added a net 136,000 customers between January and March, reaching a total of 6,280,000 at the end of Q1 2012.

However, the rate of customer growth was slightly down on the previous quarter - BT added a net 146,000 subscribers between October and December.

Ian Livingston, BT's Chief Executive, said the firm had delivered "another year of growth in profits and free cash flow", despite the challenging economic environment.

"Our financial strength has allowed us to invest in the business, make a £2 billion payment into the pension fund, reward employees and deliver double digit growth in shareholder returns," he stated.

"While we will be impacted by economic and regulatory headwinds, we expect to continue to grow profits over the next two years, with normalised free cash flow growing to above £2.4 billion in 2014."

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