Hyperoptic grew its revenues from £65.1m in 2021 to £78.7m for the financial year ending 31st December 2022, a 21% increase.
Thu, 28/07/2022 - 13:42
Openreach has achieved a record quarterly build, passing 763k premises for the three months to June 30th 2022 and has also notched net adds of 302k.
This reflects record growth in FTTP take-up with base of around .2.1m, weekly net adds of 23k and a take up rate of 26%.
The network now reaches over eight 8 million homes and businesses and Openreach anticipates increasing its annual build from 2.6 million premises last year to around 3.5 million this year.
BT’s trading update also revealed that revenues have passed £5.1bn, up one percent due to improved pricing and trading in Consumer and Openreach.
Adjusted EBITDA rose 2% to £1.9bn, primarily due to flow through from revenue and continued cost control.
Philip Jansen, Chief Executive, said “BT Group has made a good start to the year; we’re accelerating our network investments and performing well operationally.
"Despite ongoing challenges in our enterprise businesses, we returned to revenue and EBITDA growth in the quarter.”
