Payments Awards

BT: results and ultrafast broadband by mid-2020s

Written by Mark Evans
02/02/2018

BT Group has released its third quarter results to end 2017, with revenue down 3 per cent to £5,970m and underlying revenue down 1.5 per cent.

Gavin Patterson, chief executive, commenting on the results, said "Our third quarter financial results are broadly in line with our expectations and we remain confident in our outlook for the full year.

“We continue to work closely with the UK government, Ofcom and our customers to expand the deployment of fibre and Openreach recently announced plans to accelerate our FTTP deployment to three million premises by the end of 2020.”

FTTP deployment will increase internet speeds from 24 Mbps to 100 Mbps and in the first phase eight cities will trial the new ultrafast service: Birmingham, Bristol, Cardiff, Edinburgh, Leeds, Liverpool, London and Manchester.