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BT to go it alone on fibre build after costs fall

Published 11/04/2021, 04:48 AM
Updated 11/04/2021, 05:23 AM
© Reuters. FILE PHOTO: Company's logo is displayed at British Telecom (BT) headquarters in London, Britain, November 15, 2019. REUTERS/Simon Dawson

LONDON (Reuters) - Britain's BT said it had decided not to bring in a partner to help fund fibre to an addition 5 million premises after a reduction in build costs and strong demand meant it stacked up for the company to invest all the money itself.

© Reuters. FILE PHOTO: Logo of British Telecom (BT) is displayed outside a store in London, Britain, November 15, 2019. REUTERS/Simon Dawson

"The great news is we can afford to do it ourselves," Chief executive Philip Jansen told reporters after the company's first-half results.

"With FTTP (fibre to the premises) build costs coming down and take-up ahead of expectations, we think the best decision for shareholders is to retain 100% of the project and its returns."

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