Published On: Thu, May 5th, 2016

Britain’s BT Group to invest £6b in superfast Internet

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LONDON, May 5 ― Telecoms and television broadcasting firm BT Group today said it planned to invest £6 billion (RM34.8 billion) over three years to extend superfast Internet connections across Britain.

The announcement comes as the British group, which goes head-to-head with Sky for live TV coverage of English Premier League football, announced a 15-per cent hike in annual pre-tax profits to more than £3 billion.

During its 2015-16 financial year ending in March, BT completed its £12.5-billion takeover of mobile phone operator EE, previously owned by French group Orange and Deutsche Telekom.

BT said in a statement that it would “spend around £6 billion in capital expenditure over the next three years in the first phase of a plan to extend superfast broadband and 4G coverage beyond 95 per cent of the country by 2020”.

BT Group chief executive Gavin Patterson added: “The UK is a digital leader today and it is vital that it remains one in the future.”

In morning deals, BT’s share price was up 3.25 per cent at 453.85 pence compared with yesterday’s close.

London’s benchmark FTSE 100 index rose 0.6 per cent overall to 6,147.53 points. ― AFP

 

News Source MalayMailOnline

About the Author

Syed Ammar Alavi

- is Lahore (Pakistan) based journalist & writer with 25-year experience in print, wire and broadcast forms of journalism. His major fields of interest are politics, film,tv,sports, climate change and technology

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