In May 2024, BT reported stable revenues but a fall in profits. Encouraged by a successful infrastructure initiative and favorable regulatory support, BT has decided to ramp up its capital expenditure in full-fibre broadband. CEO Allison Kirkby highlighted the positive impact of their existing build which connects over 18 million homes, including 4.9 million in rural areas. BT aims to reach 25 million premises by December 2026, demonstrating commitment amidst a competitive landscape, marking its full-fibre rollout as a UK infrastructure success story.
The more full-fibre we build, the more customers choose to connect. In a highly competitive market, Openreach is building and connecting customers faster and at a lower cost than anyone.
BT's full-fibre deployment is a 'UK infrastructure success story' and it makes sense for the company, and the UK in general, to 'push on the accelerator pedal'.
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