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BT passes 750k IPTV subs

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BT is closing in on 1mn IPTV subscribers

UK telco BT has passed three-quarters of a million subscribers for its IPTV service ‘BT Vision’ after adding 21,000 customers in the third quarter of this year, and confirmed that it is accelerating its rollout of fibre broadband.

The company signed a raft of new content rights in the three-month period including English Premiership Rugby in September and games from the top football leagues of Italy, France, Brazil and the US earlier this week.

Its fibre footprint continued to expand in the third quarter of this year, passing 12mn premises with over 950,000 now connected and growing strongly.

BT is again accelerating its fibre roll-out and now expects fibre to be available to two-thirds of UK premises during spring 2014, more than 18 months ahead of the original schedule.

BT added 81,000 retail broadband customers in the quarter, representing 47% of the UK broadband market’s net additions of 174,000. It added around 160,000 retail fibre broadband customers and the retail fibre customer base is now more than 875,000.

Chief executive Ian Livingston commented that pre-tax profits across the business grew again in the quarter, despite the economic conditions and the impact of a Court of Appeals ruling on so-called ‘ladder pricing’ related to wholesale calls made from mobile phones terminating on BT’s network.

Total revenues across all operations for the third quarter of this year reached GB£ 4.474bn (US$ 7.23bn), down 9% from one year previously, while pre-tax profits rose 7% by the same basis to reach GB£ 608mn.

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