BT's current resilience should bring a little relief to a sector that has been reeling from a string of negative announcements.

SES has been arguing that its margins have been depressed because of investments in new services. One would have expected that once those investments in services wound down, there would have been a greater recovery.

It is not yet time to get carried away, but BT's current resilience should bring a little relief to a sector that has been reeling from a string of negative announcements.