Fibrus has revealed its annual financial results that show 2024 was the altnet provider’s strongest year for customer acquisition, marking a key milestone in its goal towards half a million connections.
Fri, 31/01/2025 - 14:59
Openreach has passed one million premises for the fourth consecutive quarter, taking its overall footprint to 17 million premises, according to BT update to year-end 2024. The company claims it remains on track to pass 4.2m in FY25 and reach 25m by December 2026.
The incumbent saw fibre take-up rise by 472k to swell to six million total with a growing take-up rate of over 35%. Its total broadband lines fell by 208k with over 80% of line losses occurring where it has not built FTTP
Openreach’s broadband ARPU in the quarter grew year on year by 6% to £16.1, ahead of the CPI price increases and its retail FTTP base grew by 33% year on year to 3.2m of which Consumer represented 3.0m and Business represented 0.2m.
Its broad financials saw Q3 adjusted revenue fall 3% to £5.2bn and adjusted EBITDA grow 4% to £2.1bn.
Allison Kirkby, Chief Executive, said: “Our ongoing modernisation continues at pace, delivering a further step-up in fibre build and take-up, customer satisfaction and EBITDA.
"BT’s continued delivery means we remain on track to deliver our financial outlook for this year and our cash flow inflection to c.£2.0bn in 2027 and c£3.0bn by the end of the decade.”
