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It now expects the figure to decline by between three per cent and four per cent over the course of the 12 months, an improvement on the previous prediction of between four per cent and five per cent.
The news prompted shares in the telecommunications company to rise on the stock market and at 11:23 GMT the firm was up 5.8p to 147.8p on the FTSE 100.
Total cost reductions of over £800 million have been achieved by BT in the opening six months of the year and net debt was reduced to £9.9 billion in the second quarter.
"We now expect to generate at least £1.6 billion of free cashflow this year, compared with our previous target of over £1 billion," stated Ian Livingston, chief executive.
In the three months to September 30th, revenue declined by three per cent to £5.12 billion and there was a two per cent jump in adjusted earnings before interest, taxes, depreciation and amortisation, which climbed to £1.44 billion.
Posted by Chris Weaver
