BT group's Openreach announces plan to accelerate fibre programme
Source - SMW
BT group's Openreach division plans to extend its current Fibre to the Premises (FTTP) build target by 50% to reach three million homes and businesses by the end of 2020.
Birmingham, Bristol, Cardiff, Edinburgh, Leeds, Liverpool, London and Manchester is expected make up the first phase of the programme which will connect up to 40 UK towns, cities and boroughs with Fibre to the Premises (FTTP).
The pace and extent of this large-scale investment was said to depend on the speed with which the conditions to enable an acceptable return on the investment are secured.
Clive Selley, Chief Executive of Openreach, said: 'We are accelerating our plans to build FTTP to three million premises by 2020 which sets the course to reach ten million by the mid-2020s with the right conditions.'
'Working closely with Central and Local government and our Communication Provider customers, we will identify the cities, towns and rural areas where we can build a future-proofed, FTTP network that's capable of delivering gigabit speeds to all homes and businesses at an affordable cost.'
'We'll continue to invest in our people and we're already in the process of re-training and upskilling to make Fibre First a reality. We plan to hire around 3,000 engineers in 2018/19 to kick-start Fibre First and further improve the reliability and performance of our existing networks.'
At 8:15am: (LON:BT.A) BT Group PLC share price was +1.85p at 257.3p