UK incumbent BT plans to invest in fibre broadband, television and services for global companies and governments in the Asia Pacific region in the next three years.
The three-year programme was announced by CEO Ian Livingston when issuing full year…
UK incumbent BT plans to invest in fibre broadband, television and services for global companies and governments in the Asia Pacific region in the next three years.
The three-year programme was announced by CEO Ian Livingston when issuing full year results.
The company said that its investment programme would be financed with the resources raised from the reduction of its costs.
“We are investing in the future of our business, enhancing our TV offering and building on opportunities in our Global Services business. Assuming an acceptable environment for investment, we see the potential to roll out fibre to around two-thirds of the UK by 2015. This will take our total fibre investment to £2.5bn which will be managed within our current level of capital expenditure,” said Livingston.
In addition, Livingston said that the global service division is expected to become cash positive in the 2011/12 financial year, while also outlining the company’s interest in expanding in the fast-growing Asia Pacific market, where it is already present.
