A snippet of Ian Livingstones message to his employees ..........
At the start of the global economic downturn we made a bold commitment to invest in fibre. Our £2.5bn investment programme has already brought fibre broadband within reach of more than half of the UK’s homes and businesses. Delivery is on budget and 18months ahead of our schedule. We believe that, together with government support and subject to an acceptable investment environment, we can pass more than 90% of premises with our network in the next three to four years.
The broadband market has continued to grow with 17.6m users now on our network. Over 834,000 were added in the last year alone, with BT Retail achieving over a 50% share of this growth. Demand for Retail’s fibre services was particularly strong with 1.3million consumers and small businesses buying them.
Broadband will increasingly be at the heart of how people watch TV, with customers able to buy a complete package of phone, broadband and TV from us. The launch of BT Sport this summer will bring real competition to the pay TV market. Our three channels – BT Sport 1, BT Sport 2 and ESPN - will provide premium sports content including Premier League first picks, exclusive rugby coverage and women’s tennis. By offering BT Sport for free with BT broadband, we are making world-class sport affordable. Superb production facilities, and a team of top sporting and broadcasting talent, promise to make this a great service.