UK’s BT says fibre demand keeps free cash target in sight

LONDON: Britain’s BT connected a record 1.1 million homes to its fibre network in the first half as its footprint grew to 20.3 million premises, helping keep its target of 2 billion pounds of free cash flow by March 2027 firmly in its sights.

Demand for faster connections drove a 4% rise in core earnings at its Openreach networks arm, offsetting declines in its consumer, business and international units to result in a 4.13 billion pounds ($5.54 billion) outcome for the six months to end-September.