BT Group publishes fourth quarter results
BT is the latest telecoms operator to publish its quarterly results ending 31st March 2012, and continues to reflect the gradual shift from a copper based local loop to one where the core fibre is getting pushed closer to the consumer.
"We have now passed 10m homes and businesses with our fibre roll-out. This is many months ahead of schedule and brings the benefits of super-fast broadband to families and businesses in cities, towns and rural areas across the UK. We remain the leading provider of broadband in the UK and over half a million customers are already taking our fibre-based BT Infinity product. At a time when many of our corporate customers are facing their own challenges, our investments internationally will help those seeking to expand in faster growing economies and this is reflected in £2bn of new orders won by BT Global Services this quarter."Ian Livingston, CEO BT Group PLC
The Openreach division has seen its revenue increase by 4%, benefiting from increased income from Ethernet, LLU and fibre sources. They have passed 10 million homes with their FTTC/P products, though the full fibre (FTTP) service is still considered to be in the early stages of roll-out.
BT Retail continues to gain broadband customers, in the face of increasing popularity of LLU services. Adding 136,000 retail broadband customers in the last quarter, BT Infinity added some 131,000 connections in the quarter (some of these will be existing BT Retail customers), giving BT Retail a total of 550,000 fibre based customers. BT Vision continues to grow, though at a slower rate, adding 28,000 in the quarter with over 700,000 customers, a growth of 23% in the last 12 months.