BT has announced plans to roll out full fibre to millions of homes.
In his first full year results since taking charge of the telco, chief executive Philip Jansen said the telco would connect four million premises to full fibre by March 2021, representing an increase of three million on the previously announced target.
Jansen also promised to improve “customer propositions and competitiveness”.
EE, the BT-owned mobile operator will launch 5G services “imminently” and is on track to go live in 16 cities across the UK with a range of device partners.
“Our aim is to deliver the best converged network and be the leader in fixed ultrafast and mobile 5G networks. We are increasingly confident in the environment for investment in the UK, said Jansen.
Revenues of £23,428 million were down 1%, which BT blamed on regulated price reductions in Openreach and declines in its enterprise businesses.
Pre-tax profits of £2,666 million were up by 2%.
BT Group CEO, Philip Jansen says that we will NOT invest more in content. Happy with what we’ve got; sport is a key part of that. We will continue to look at sports rights in a discipline way including forthcoming UEFA Champions/Europa league matches! $BT pic.twitter.com/GDT5Fn6NGK
— Paolo Pescatore #TMFDigital (@paolopescatore) May 9, 2019
However, BT will not be upping its investment in content, though Jansen said it would continue to back sport, including the Champions League, which has continued to boost audiences for its sports channels.
