BT Group plc provided earnings guidance for the fiscal year ending March 31, 2017 and 2018. For the full year to March 31, 2017, as a result of the outcome of the BT Italy investigation and the pressures in the UK public sector and international corporate markets, the company now expects adjusted revenue to take a £200.0 million and adjusted EBITDA to be reduced by around £175.0 million. Normalized free cash flow is now expected to be around £2.5 billion. For 2017/2018, the company now expects both underlying revenue excluding transit and adjusted EBITDA to be broadly flat year on year. The company expects normalized free cash flow to be £3.0 billion - £3.2 billion.