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LONDON, May 13 (Reuters) - BT said on Thursday it
would extend its full-fibre broadband network to 25 million
premises by the end of 2026, aiming to fund the 5 million
additional homes and businesses through a joint venture with
other parties.
BT, Britain's biggest broadband and mobile provider, set the
new target as it reported a 7% fall in revenue and a 6% fall in
adjusted earnings for the year to end-March, reflecting the
impact of COVID-19.
Chief Executive Philip Jansen said changes in regulation and
tax, along with a new agreement on the company's pension
payments, had cleared the way to raise its fibre ambitions.
"After a number of years of tough work, and as we look to
build back better from the pandemic, we're now pivoting to
consistent and predictable growth," he said.
(Reporting by Paul Sandle; Editing by Kate Holton and Michael
Holden)
BT (BT.A)
