BT profits up as fibre becomes available to more than half of UK

(Source: Reuters)

Telecoms firm BT has released results the fourth quarter and year to 31 March (release). The firm saw profit before tax up two per cent in the year to 31 March at £2,445m. BT announced that the fibre customer base has now doubled, at more than 1.5m and said that fibre is available to more than half of UK homes and businesses.

Chief executive Ian Livingston:

We are doing what we said we would do. In an environment where it is easier to focus only on the short-term, we are investing in our future and delivering growth in profits and dividends. We are driving fibre across the UK, launching high quality sports channels, investing in the high-growth regions of the world and will use our wi-fi capabilities and 4G spectrum to make sure our customers will be the best connected. We have created around 3,000 new jobs in the UK over the last year to support these investments.

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