BT revenues take a hit while Openreach rollout pushes ahead
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BT Group PLC has expanded its full-fibre rollout through Openreach, now covering 16 million homes in the UK. Despite this growth, BT's revenues have been negatively impacted.
November 07, 2024 | 8:00 am
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NEGATIVE IMPACT
BT Group's Openreach has expanded its full-fibre network to cover 16 million homes, but the company's revenues have been negatively impacted.
The expansion of Openreach's full-fibre network is a positive development for BT Group, potentially increasing future revenues. However, the immediate impact on revenues is negative, suggesting short-term financial challenges.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80