BT Group (LSE:BT.A) has reported continued progress in expanding its UK digital infrastructure and customer base, with its full fibre broadband network now reaching 21.4 million premises, including 5.9 million in rural communities. Record numbers of fibre-to-the-premises (FTTP) connections pushed Openreach’s customer take-up rate above 38%, reflecting strong demand for higher-speed connectivity services.
The group also recorded further expansion in its mobile business, with its 5G customer base rising to 14.3 million users. Enhanced 5G+ coverage now reaches 69% of the UK population. BT reported growth across its Consumer segment, with increases in broadband, mobile and TV customers, while EE maintained its position as the UK’s highest-rated mobile network across multiple independent performance assessments.
Despite the operational progress, BT reported that adjusted group revenue for the third quarter declined 4% year-on-year to £5.0 billion, while adjusted EBITDA slipped 1% to £2.1 billion. The decline reflected ongoing reductions in legacy voice services, weaker handset and device sales, and the impact of previous business disposals. Reported profit before tax also fell, partly due to losses linked to the company’s sports joint venture.
Management highlighted continued progress in cost transformation initiatives, including lower labour and energy consumption and improvements in customer satisfaction. BT also confirmed completion of all planned disposals within its International division. The company reiterated that it remains on track to meet its full-year guidance and expects to deliver substantial growth in free cash flow over the medium term.
BT’s outlook reflects solid operational and financial execution, supported by strategic transformation efforts and positive corporate developments. However, technical trading indicators suggest weaker share price momentum. Valuation metrics indicate relatively balanced pricing, supported by an attractive dividend yield.
More about BT Group plc
BT Group plc is one of the UK’s leading telecommunications providers, operating through its Openreach, Consumer, Business and International divisions. The company delivers fixed and mobile connectivity services, including full fibre broadband and 5G mobile networks, alongside television and digital services under brands such as EE, BT and Plusnet. BT continues to focus on expanding next-generation network infrastructure and providing integrated communications solutions for residential, commercial and public sector customers.
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