BT’s latest results show that their fibre broadband network (BT Infinity) has passed 3 million premises yet currently only around 40,000 customers have signed up to the next generation broadband service.
The figure of around 40,000 customers signed up to BT’s own BT Infinity product doesn’t take into account people who are signed up through other broadband providers who use BT’s fibre network. Currently BT Infinity orders are adding around 4,000 new customers to the fibre broadband network each week.
By 2015 BT are aiming to have 2 thirds of UK homes covered by it’s fibre broadband network which will offer broadband speeds up to 40Mb for the majority of customers who will be connected via FTTC (Fibre To The Cabinet). Over this period BT are investing £2.5 billion in this new next generation network which will also for the lucky few who will be connected by FTTH (Fibre To The Home) be able to sign up to their up to 110Mb fibre broadband service next March!
On standard broadband additions BT managed to take an impressive 45% of all new broadband additions in the second quarter, which in real terms was around 114,000 new customers which took their total broadband customer base to 5.34 million.
Ian Livingston, the Chief Executive for BT said:
“We have made significant progress in improving profitability and cash flow, enabling us to invest in building the foundations for revenue growth in 2012/13.
We have increased our EBITDA outlook for the year and now expect to hit our £2bn free cash flow target two years early.
Global Services order intake was up 50% at £2.1bn. Our fibre roll out has passed three million premises and BT Infinity orders are now running at over 4,000 per week. BT Vision customers now stand at more than half a million, with more developments planned to enhance our offering. Our share of DSL broadband net additions was 45%, one of our highest shares ever.”