BT adds £1 billion to fibre rollout to cover two-thirds of UK

BT says it will add an extra £1 billion to its fibre investment to cover 66 per cent of the UK by 2015.

fibre broadband

BT has unveiled plans to boost its fibre broadband investment to 2.5 billion, extending coverage to two-thirds of UK homes.

BT had initially planned investment of 1.5 billion to reach 40 per cent of the UK by the end of 2012. By the end of this year, four million homes will have fibre broadband from BT, with the 66 per cent mark expected to be hit by 2015.

Advertisement - Article continues below

"BT's investment of 2.5 billion in fibre is one of the largest in the world that doesn't rely on public sector funding and where the network is open to all service providers on an equal basis," the company claimed in a statement.

The firm offered one caveat, that the investment was "dependent on acceptable investment environment," saying the funds will come out of its existing capital spend of 2.6 billion.

BT faces competition from ISPs like Virgin Media, which are rolling out their own fibre - often in creative ways, including through sewer tunnels and over telegraph poles.

Ahead of last week's election, the various parties were keen to promise superfast broadband, with the Tories saying they would take cash from the BBC licence fee to fund it if necessary. It's unclear what the Conservative's plans will be under the coalition with the Liberal Democrats, however.

Advertisement - Article continues below


The future fibre plans came as BT announced its fourth quarter and year-end results. It posted a two per cent drop in revenue for the year - which was better than expected, and helped by contract wins from its struggling Global Services division.

Advertisement - Article continues below

Earnings (before interest, taxes, depreciation and amortisation) climbed six per cent. BT also managed to cut its debt by 1 billion over the past year.

The Global Services division is set to "turn positive" in 2011/12, while the entire company's revenue should return to growth the following year, chief executive Ian Livingston.

"We are on track with our goal of creating a better business with a better future," Livingston said.

Featured Resources

The case for a marketing content hub

Transform your digital marketing to deliver customer expectations

Download now

Fast, flexible and compliant e-signatures for global businesses

Be at the forefront of digital transformation with electronic signatures

Download now

Why CEOS should care about the move to SAP S/4HANA

And how they can accelerate business value

Download now

IT faces new security challenges in the wake of COVID-19

Beat the crisis by learning how to secure your network

Download now


Network & Internet

BT unveils barrage of new business services

9 Oct 2019

Most Popular


Apple confirms serious bugs in iOS 13.5

4 Jun 2020

The UK looks to Japan and South Korea for 5G equipment

4 Jun 2020

Tycoon ransomware discovered using Java image files to target software firms

5 Jun 2020