BT prepared for UK’s fibre roll out
The largest broadband provider in the UK, BT, has revealed it is ready to help roll out full-fibre across the country.
The announcement follows the nation’s new Prime Minister Boris Johnson’s plan to roll out full-fibre in the UK, to both homes and businesses, Reuters reported.
The Prime Minister aims to have fibre in 4mn premises by March 2021, and 15mn by the mid-2020s.
“On network investment, we welcome the government’s ambition for full-fiber broadband across the country and we are confident we will see further steps to stimulate investment,” stated Philip Jansen, Chief Executive Officer at BT.
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“We are ready to play our part to accelerate the pace of roll-out, in a manner that will benefit both the country and our shareholders, and we are engaging with the government and (regulator) Ofcom on this.”
BT saw its first-quarter trading results beat market expectations on 2 August, leading to its announcement – with its adjusted revenue reaching £5.63bn (US$6.82bn) and its adjusted core earnings hitting £1.96bn ($2.38bn).
The nation’s Prime Minister argued the previous target of reaching full-fibre coverage by 2033 was “laughably unambitious”.
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