The BT Group published its latest biannual H1 FY25 results to Sept 2024, which reveals that the company is “firmly on track” to meet long-term cost savings and cash flow targets, and it can confirm EBITDA, capex and cash flow guidance for FY25, albeit on lower revenue guidance.
Thu, 31/10/2024 - 13:07
Netomnia, which merged with Brsk earlier this year, is now achieving an annual build rate exceeding one million premises, according to its Q3 financial results.
The altnet's network now passes 1.82 million total premises serviceable (up 258k in a quarter and 190k premises connected (up 40k in a quarter). Its adoption rate has surpassed 10%, up 9% from the previous quarter.
Company revenues were up 317% YoY to £12.3m, and adjusted EBITDA was up 13% to -£8.9m
CEO Jeremy Chelot said: “With integration in full swing and PXC’s H1 2025 arrival on the horizon, we are confidently advancing towards our year-end targets: two million premises serviceable and 235k premises connected.”
