BT Group response to Ofcom’s Wholesale Fixed Telecoms Market Review 2021-26
BT welcomes the direction of Ofcom’s consultation on its approach to regulation from 2021-2026. It is critical that we have a clear, predictable and transparent long-term regulatory framework to create the right conditions for investment in digital infrastructure across the whole of the UK. We will keep working with Ofcom, Government and the rest of the industry to maintain an environment that facilitates investment, delivering quality and choice for consumers.
BT is investing in converged, future-fit consumer experiences which will be delivered through 5G mobile and full fibre broadband, where we want to invest further and faster across the country. Ofcom’s consultation document is an important step toward enabling us to scale up this investment to reach millions more homes and businesses across the country and we welcome it.
Philip Jansen, Chief Executive, BT Group said:
“We are already well on track to hit our target of building full fibre to four million premises by March 2021. We welcome the direction of today’s consultation from Ofcom, which is a significant step forward towards a widely shared ambition to fibre up the whole of the UK. We were also really encouraged by the new Government’s £5bn commitment to facilitate the build of gigabit-capable networks to the hardest to reach parts of the country. We will continue our discussions with Government, Ofcom and the industry so that we can have the confidence to significantly extend our role in this important national mission and increase our full fibre target to 15 million premises and potentially beyond.”
BT’s purpose is to use the power of communications to make a better world. It is one of the world’s leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of four customer-facing units: Consumer, Enterprise, Global and Openreach.
For the year ended 31 March 2019, BT Group’s reported revenue was £23,428m with reported profit before taxation of £2,666m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London stock exchange.
For more information, visit www.btplc.com