BT boss O’Neill hails ‘solid’ first quarter

BT chief Colm  O'Neill
BT chief Colm O'Neill

BT in Northern Ireland had a good start to the year, boss Colm O’Neill said, driven by the signing of new contracts with private and public sector organisations as well as a rigorous focus on cost management.

Speaking as results showed that national revenues had lifted 35% to £5.8 billion in the first quarter, he described the performance locally as “solid”.

While adjusted pre-tax profits rose 16% to £802 million earnings before interest, tax, depreciation and amortization (EBITDA) also rose 25% to £1.8 billion in the three months to June 30.

“Our rollout of fibre broadband networks continues across Northern Ireland as we push fibre technology deeper into rural areas in partnership with government,” said Mr O’Neill.

“We are currently at a stage where 93% of premises are passed by our fibre network, but to date only 39% of broadband users have made the switch to fibre based broadband.”

He said the firm would continue to highlight the availability and benefits of the service.

In addition, we welcome Ofcom’s recognition this week that BT Northern Ireland Networks has delivered successfully for the people and businesses in Northern Ireland and that changing the current arrangements as part of the Digital Communications Review would be disproportionate.

We will continue to engage with Ofcom and stakeholders in the coming months.”