BT Group PLC BT provides Openreach capex historical disclosures (4916B)
June 10 2021 - 6:00AM
UK Regulatory
TIDMBT.A
RNS Number : 4916B
BT Group PLC
10 June 2021
10 June 2021
BT Group provides new Openreach capex pro forma historical
disclosures
-- Refreshed financial key performance indicators provided for
2019/20 and 2020/21, to improve visibility of Openreach's capital
expenditure in value-enhancing investment programmes
BT Group has today published pro forma historical disclosures
for wholly-owned, independent subsidiary Openreach. The disclosures
are unaudited and provide an indicative history of the company's
performance.
The disclosures are designed to improve visibility of capital
allocation across the networks that underpin Openreach's products:
WLR(1) , LLU(2) , FTTC(3) , Gfast (including single order
variants); FTTP(4) ; and Ethernet.
For the full definitions please see the glossary in the pro
forma disclosures.
For the avoidance of doubt BT Group's outlook remains unchanged,
including reported capital expenditure of c.GBP4.9bn for the year
ending 31 March 2022.
The full disclosures are provided on BT's website.
(1) Wholesale line rental
(2) Local loop unbundling
(3) Fibre-to-the-cabinet
(4) Fibre-to-the-premises
- ENDS -
Enquiries
Press office:
Tom Engel Tel: 07947 711959
Investor relations:
Mark Lidiard Tel: 020 7356 4909
About BT
BT Group is the UK's leading telecommunications and network
provider and a leading provider of global communications services
and solutions, serving customers in 180 countries. Its principal
activities in the UK include the provision of fixed voice, mobile,
broadband and TV (including Sport) and a range of products and
services over converged fixed and mobile networks to consumer,
business and public sector customers. For its global customers, BT
provides managed services, security and network and IT
infrastructure services to support their operations all over the
world. BT consists of four customer-facing units: Consumer,
Enterprise, Global and its wholly-owned subsidiary, Openreach,
which provides access network services to over 650 communications
provider customers who sell phone, broadband and Ethernet services
to homes and businesses across the UK.
For the year ended 31 March 2021, BT Group's reported revenue
was GBP21,331m with reported profit before taxation of
GBP1,804m.
British Telecommunications plc is a wholly-owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on the London Stock
Exchange.
For more information, visit www.bt.com/about
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END
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