BT Group plc (BT.L) published their results for the full year to 31 March 2022 in which coverage of Openreach’s Gigabit Fibre-to-the-Premises (FTTP) broadband ISP network grew by a record 752,000 homes in the quarter to a total of 7.2 million.<\/p>\n\n\n\n
BT Group has delivered another strong operational performance. Openreach continues to build, having now passed 7.2 million buildings with 1.8 million connections; a strong and growing early booking rate of 25%.<\/p>\n\n\n\n
The operator also signed an FTTP co-provisioning deal with Sky Broadband following a recent decision to roll out digital voice (telephone) services due to concerns about service outages and the move to make EE their flagship consumer brand. Openreach signed a MoU on a framework with Sky on FTTP co-provisioning; Sky engineers to complete the majority of their FTTP in-premises provisioning activities on Openreach\u2019s FTTP network<\/p>\n\n\n\n
BT Group FTTP base showed a continued growth in Q4<\/strong><\/p>\n\n\n\n Unfortunately, the consumer arm of BT (EE) does not release full subscriber numbers for its own retail broadband ISP, other than for its ultra-fast services. BT Consumer reported that they had 1.165 million FTTP customers (up from 1.053 million last quarter) and EE’s 5G-ready base now stands at 7.228 million (up from 6.418 million).<\/p>\n\n\n\n Around 80.2% of BT’s fixed line customers now use a super-fast broadband product (down slightly from 81.1% last quarter), which has risen to 10.1% (from 8.6%) for its ultra-fast (100Mbps+) broadband products falls, which include both G.fast and FTTP. We also found that 21.7% of BTs customers are now using both cellular and broadband (converged), up slightly from 21.5%.<\/p>\n\n\n\n According to BT Group Q4 revenue growth, growing FTTP and 5G bases, award-winning mobile network, low churn, index linked contracts, strong brand NPS and continued there converged growth, provide them with strong foundations heading into FY23.<\/p>\n\n\n\n BT group has finalised the sports joint venture with Warner Bros. Discovery to improve its content to align business with a new global content powerhouse. <\/p>\n\n\n\n BT group plans to extend the cost savings target of \u00a32bn by end FY24 to \u00a32.5bn by end FY25. BT group delivered EBITDA growth of 2% this year as strong savings from the modernisation programme more than offset weaker revenues from enterprise businesses due to well-known market challenges.<\/p>\n\n\n\n BT’s initial estimates on the subject of copper recovery suggest that around 200,000 tonnes of copper could be recovered from their network by the 2030s.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" BT Group plc (BT.L) published their results for the full year to […]<\/p>\n","protected":false},"author":1,"featured_media":115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archived-broadband-market-news"],"yoast_head":"\n