BT confirms broadband plan to 20 million premises
A major focus of the statement sets out how Ofcom will stimulate next generation Fibre to the Premises (FTTP) broadband investment across the UK.
Based on our initial assessment, BT believes that the document is broadly in line with the expectations laid out at our Q3 2020/21 financial results and, when taken as a whole, will allow BT to earn a fair return on its c.£12 billion FTTP investment. As a result, BT is confirming its plan to build FTTP to 20 million premises by the mid- to late-2020s.
Philip Jansen, Chief Executive, BT Group said: “This is good news for all fibre providers in the UK. For us, it is the greenlight we’ve been waiting for to get on and build like fury. Full fibre broadband will be the foundation of a strong BT for decades to come and a shot in the arm for the UK as we build back better from this pandemic. Connecting the country has never been more vital”.
Clive Selley, CEO, Openreach said: “We’ve now passed almost 4.5 million premises and are building faster, at lower cost and higher quality than anyone else in the UK. Today’s regulation will allow us to ramp up to 3 million premises per year providing vital next generation connectivity for homes and business right across the UK”.
Further details of our build plan will be announced once we have undertaken a full review of the WFTMR statement and have a better understanding of any further government support available to aid the industry’s roll-out of FTTP. ■