BT increases network investment in June quarter

BT UK
Telecom network operator BT Group said that its investment towards Capex (capital expenditure) in the June quarter of 2016 reached £777 million (+18 percent).

BT Group, as part of its investment strategy, aims to achieve 95 percent 4G geographic coverage by 2020. BT reached more than two-thirds of UK geographic coverage by the end of June 2016. It is also investing in fiber broadband to reach 95 percent of UK by 2017.

BT aims to offer 300Mbps speeds to 12 million premises by 2020. BT has covered 25 million premises with fiber broadband network. Openreach achieved 333,000 fibre broadband net connections.

BT added 181,000 retail fiber broadband customers to reach 4.3 million till June 2016.

BT CEO Gavin Patterson said: “We focus on improving customer experience and 100 percent of EE pay monthly calls are now handled in UK and Ireland contact centers. We’ve reduced engineer missed appointments by more than a third since last quarter.”

BT revenue

The telecom major reported 35 percent increase in revenue to £5,775 million, thanks to the acquisition of rival EE.
BT revenue in June quarter

BT generated £1,175 million (+9 percent) from Consumer, £1,243 million from EE, £1,169 million (+18 percent) from Business and Public Sector, £1,250 million (+5 percent) from Global Services, £518 million (–10 percent) from Wholesale and Ventures and £1,252 million (0 percent) from Openreach.

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