Fibre rollout brought forward by BT
BT are hurrying up their fibre roll out and expect to have two-thirds of UK homes and businesses covered by it for Spring 2014.
BT initially thought they'd have this done by the close of 2015, and having already passed 12 million premises, it seems they're ahead of schedule. The last segment of the roll out - rural Britain - will be in part addressed by the government's Broadband Delivery UK project.
"Fibre is at the heart of our broadband plans for both town and country," said Ian Livingston, BT chief executive. "We plan to step up our efforts yet again to complete our commercial fibre roll-out early as this will allow us to focus even further on the next exciting stage of our fibre broadband strategy. This will see BT working hand in hand with the public sector to extend fibre broadband to UK homes and businesses in the ‘final third’ of the country that are harder to reach."
With that, BT will be recruiting more than 1,000 engineers over the year to speed up the roll out.
It's been a mixed-period for BT though, who have seen revenues down by 9%, but profits going up by 7% to £608 million. "Our underlying revenue continues to be impacted by the tough conditions in Europe and the financial services sector, regulatory price reductions and lower revenue from calls and lines," the company said.