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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BT Group    BT.A   GB0030913577

BT GROUP

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BT : Salisbury to become Openreach's first universal FTTP city

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03/20/2019 | 09:16am EDT

Salisbury is to become the first city in the UK with universal access to Openreach’s fibre to the premise (FFTP) network.

Openreach is embarking on a major build of FTTP, with ambitions to reach 10 million premises by the middle of the next decade. It has pledged to expand the scope of this rollout if the investment conditions are right.

To date, 900,000 homes and businesses have been connected across the UK, but Salisbury will be the first place where every property can gain access to ultrafast speeds. In total, 25 locations nationwide have been earmarked for upgrades.

-- Openreach recruits more fibre engineers -- EE to launch 5G in 2019 -- What is 5G? Everything you need to know Openreach FTTP

Openreach is working with local authorities and partners to accelerate deployment without disrupting residents in the city, with a view to launching in April 2020. This, the parties say, will provide an economic boost to local businesses.

“This is the first location in the UK where we’re aiming to upgrade an entire city network in a single year, so it’s a hugely ambitious project,” said Clive Selley, Openreach CEO. “As a medieval city, Salisbury’s narrow streets won’t be the easiest for our engineers to access and work in, but we’re confident that it’s achievable thanks to the close partnership we’ve built with the Council and the unrivalled experience and skill of our engineering teams.”

“Full fibre will significantly improve the attractiveness of Salisbury for companies looking for a location with cutting-edge connectivity, boosting the number of high-quality job opportunities for constituents,” declared John Glen, MP for Salisbury and South Wiltshire

“With speeds of 1Gbps, I very much look forward to seeing how this investment will transform opportunities for local residents and businesses, as well as driving innovation in the provision of public services.”

The government’s Future Telecoms Infrastructure Review (FTIR) has called for 15 million properties to be covered with fibre by 2025 and for nationwide coverage to be completed by 2033. It would then consider switching off the UK’s copper network.

As part of its commitment to the FTIR, Openreach will publish information about its FTTP rollout – including exchanges to be upgraded – every three months.

-- Here are the best BT Broadband deals for March 2019

(c) 2019 Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. All rights reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (GBP)
Sales 2019 23 388 M
EBIT 2019 3 853 M
Net income 2019 2 100 M
Debt 2019 11 545 M
Yield 2019 6,74%
P/E ratio 2019 10,42
P/E ratio 2020 10,24
EV / Sales 2019 1,46x
EV / Sales 2020 1,53x
Capitalization 22 624 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 2,85  GBP
Spread / Average Target 25%
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Managers
NameTitle
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Jan Petrus du Plessis Chairman
Simon Jonathan Lowth Group Chief Financial Officer & Executive Officer
Howard Watson Chief Technology & Information Officer
Nicholas Charles Rose Senior Independent Non-Executive Director
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