Categories: NetworksWorkspace

Fibre Demand Boosts BT Results In Record Quarter For Openreach

Strong demand for superfast broadband services and the continuing appeal of its sports television channels boosted BT’s third quarter revenues to £4.6 billion as UK ISPs added a record 339,000 new and upgrading customers to the open access Openreach fibre network.

BT itself was responsible for around 226,000, a third of which were entirely new customers, increasing its fibre customer base to 1.9 million and the number of premises served by Openreach to 2.4 million.

In total, 252,000 entirely new customers were added to the Openreach copper and fibre networks, bringing the Openreach total to 18.238 million premises and BT’s total customer base to 7.1 million.

BT Results

BT reported profits of £617 million before tax, an increase of six percent, however while revenues for the nine months leading up to December 2013 were flat at £13.6 billion, pre-tax profits were down by seven percent. BT CEO Gavin Patterson is convinced that the company’s continued investment in fibre and premium sports rights is justified.

“Our strategic investments are delivering. It was another record quarter for fibre take-up and there are now more than 18 million premises with access to our fibre,” he said. “That number will grow further as the Broadband Delivery UK (BDUK) programme progresses.

“Fibre helps SMEs to compete and underpins our TV plans. Our direct BT Sport customer base passed 2.5 million in the quarter and helped to support 6% revenue growth in our Consumer business. We achieved some particularly strong audience figures in December and the exclusive rights to the UEFA Champions League and UEFA Europa League that we have won will further strengthen the appeal of our proposition.”

BT has so far won all of the government funding available under BDUK and a number of projects have started to go live with 300,000 homes and businesses now having access to fibre as a direct result of the initiative.

The scheme has come under scrutiny because of the company’s heavy involvement, but outgoing Openreach CEO Liv Garfield has defended BT’s role in the roll-out, calling it “massively frustrating” to have to deal with criticism because in her opinion, it was going quite well.

Do you know the history of BT? Try our quiz!

Steve McCaskill

Steve McCaskill is editor of TechWeekEurope and ChannelBiz. He joined as a reporter in 2011 and covers all areas of IT, with a particular interest in telecommunications, mobile and networking, along with sports technology.

Recent Posts

X’s Community Notes Fails To Stem US Election Misinformation – Report

Hate speech non-profit that defeated Elon Musk's lawsuit, warns X's Community Notes is failing to…

1 day ago

Google Fined More Than World’s GDP By Russia

Good luck. Russia demands Google pay a fine worth more than the world's total GDP,…

1 day ago

Spotify, Paramount Sign Up To Use Google Cloud ARM Chips

Google Cloud signs up Spotify, Paramount Global as early customers of its first ARM-based cloud…

2 days ago

Meta Warns Of Accelerating AI Infrastructure Costs

Facebook parent Meta warns of 'significant acceleration' in expenditures on AI infrastructure as revenue, profits…

2 days ago

AI Helps Boost Microsoft Cloud Revenues By 33 Percent

Microsoft says Azure cloud revenues up 33 percent for September quarter as capital expenditures surge…

2 days ago