Thursday, 24 October, 2019

BT Openreach pledges fibre for three million premises by 2020

BRITAIN-TELECOMS-BUSINESS-BT Openreach is owned by BT but operates separately
Russell Knight | 01 February, 2018, 19:08

The first step involves accelerating the FTTP build programme by 50 percent to reach 3 million homes and businesses by end-2020.

BT is scheduled to update investors on its third-quarter performance tomorrow and MarketWatch reports that according to a consensus forecast provided by the company, the telco is expected to post third-quarter sales of £6.06 billion, down from £6.13 billion in the prior-year period.

The programme, set to begin this year, extends Openreach's existing target of reaching two million premises by 2020 and a wider ambition to reach 10 million premises by the mid-2020s. "We will identify the cities, towns and rural areas where we can build a future-proofed, FTTP network", said Selley. We'll continue to invest in our people and we're already in the process of re-training and upskilling to make Fibre First a reality.

To achieve these goals, Openreach pledged to hire an additional 3,000 engineers.

Nashville Mayor Admits to Affair With Former Head of Security
Barry, who is married to a professor at Vanderbilt University, said she is no longer seeing Forrest and has no plans to resign. The mayor says even if they weren't romantically involved, she would have needed security because of her busy schedule.

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Brokers Opinions on: Oasis Petroleum Inc. (NYSE:OAS)
Since August 4, 2017, it had 0 insider purchases, and 3 sales for $618,888 activity. (NYSE:OAS) or 600,000 shares. The company has a market capitalization of $2,000.00, a price-to-earnings ratio of -33.31 and a beta of 2.33.

Openreach expects that tens of thousands of Edinburgh homes and businesses will benefit from the multimillion-pound expansion, which is expected to cost around £300-£400 per address. The clear message is that if you want the spend to get anywhere near to the top end of that range we all need to chip in.

In a somewhat contradictory position the Openreach announcement also stressed how into Gfast it still is.

Openreach has faced pressures from politicians and regulators to increase investment in broadband, particularly as its dominant position as an infrastructure operator has led many to call for greater opportunities for competition in the market.

Openreach has confirmed, however, that while it will be approaching high-speed network roll-outs with a view to FTTP connectivity first and foremost it will not be abandoning its DSL-based Gfast copper connectivity and that areas receiving FTTP will not receive Gfast and vice-versa. So, in summary, Openreach is committed to fibre unless it's a bit too pricey and/or it fancies going with Gfast instead.

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