The telecoms giant BT has ditched its plans to seek a joint venture partner to help its Openreach business full-fibre broadband programme.
Alongside half-year results, BT reported that Openreach has now connected full-fibre broadband to almost 6 million premises and continues to lower its build cost.
Chief Executive Philip Jansen said: “With FTTP (fibre to the premises) build costs coming down and take-up ahead of expectations, we think the best decision for shareholders is to retain 100% of the project and its returns.”
Jansen also said that BT has decided to fund the full expansion of fibre to 25 million premises by 2026 itself after it had explored bringing in a partner.
Jansen said BT had signed up 10 providers, including TalkTalk and Sky, to its long-term FTTP pricing offer.