Final results for the fourth quarter and year to 31 March 2010 and announcement of future plans
Ian Livingston, Chief Executive, commenting, said:
"We have made good progress this year and have now set clear objectives for the next three years.
"We have improved customer service, are transforming the cost base and have more than doubled free cash flow, but there is still a lot more to do.
"We are investing in the future of our business, enhancing our TV offering and building on opportunities in our Global Services business. Assuming an acceptable environment for investment, we see the potential to roll out fibre to around twothirds of the UK by 2015. This will take our total fibre investment to £2.5bn which will be managed within our current levels of capital expenditure.
"During the next three year period we expect to improve our underlying revenue trends, and grow EBITDA and free cash flow, while investing in the business, supporting the pension fund, reducing net debt and paying progressive dividends.
"We are on track with our goal of creating a better business with a better future."
BT (Germany) GmbH & Co. oHG
BT is one of the world's leading providers of communications solutions and services operating in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move;
broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach.
British Telecommunications plc (BT) is a whollyowned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
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