BT has posted profits for its 2014-2015 financial year of £2.64bn, a healthy 14 percent up on the previous year. The strong growth in profits came despite a fall in revenues of two percent to £17.85bn.
BT also reported that its fibre broadband network run by Openreach now passes 22 million premises – over three-quarters of all UK homes and businesses.
In total, 4.2 million people are using fibre services from the Openreach network, either from BT or rival providers such as Sky and TalkTalk, an increase of 1.5 million over the year.
This increase was driven by a record 455,000 fibre customers signing up for services in Q4. The number of BT Retail fibre customers is over three million within a total BT Retail customer base of 7.7 million.
Overall, there are 19.3 million customers using Openreach services, including subscribers to BT, Sky, TalkTalk and EE, which BT cited as proof the market was competitive and offered customers choice.
BT chief executive Gavin Patterson hailed the increase in fibre broadband customers and promised more investment to help growth to continue.
“Our superfast broadband network now passes more than three-quarters of the UK and we’ve announced plans to upgrade to ultrafast," he said.
"This will be another multi-year investment by Openreach and is the right thing for both BT and the UK, providing even faster speeds in an already competitive market."
BT also revealed that since launching 4G services as part of its pre-existing MVNO deal with EE, some 50,000 people have signed up.
Paolo Pescatore, director for multiplay and media at analyst firm CCS Insight, said while the growth in the mobile area was impressive, the firm's clear "rising star" was its consumer division as more people embrace fibre broadband.
"These latest results underline the phenomenal growth and demand for fibre across the UK," he added.
One interesting figure buried within BT's results was the fact that its voice revenue declined by nine percent, at both an SME and corporate level, which BT said was part of the trend among firms to use data and VoIP phone services.
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