BT CEO snubs fibre M&A, doubling down on Openreach organic growth — despite accelerating line losses
Q2 FY25–26: Allison Kirkby showed little enthusiasm at thought of mopping up fibre altnets as part of much-anticipated consolidation, instead insisting Openreach is best focused on its own game, and set up to beat any incursion — notwithstanding line losses accelerating alarmingly…
This article includes:
- Themes: 5G; Altnets; Antitrust; Average revenue per user (ARPU); Broadband; Build; Capital allocation; Capital expenditure (Capex); Churn; Competition; Consolidation; Copper retirement; Cost of capital; Customer connections; Demand; Discounting; Earnings before interest, taxes, depreciation, and amortization (EBITDA); Fibre; Fibre build; Fibre market; Fibre-to-the-premises (FTTP); Financial performance; Fixed wireless access (FWA); Free cash flow; Full-fibre; H1 FY25–26; House building; Infrastructure investment; Investment; Line losses; Market growth; Merger and acquisition (M&A); Mobile; National interest; Net debt; Network growth; Operating profit; Organic growth; Price rises; Provisioning; Q2 FY25–26; Regulation; Revenue; Satellite; Service revenue; Take-up rate; TV; VDSL network; Voice; Wholesale.
- Events: UK Autumn Budget 2025; BT earnings call (Q2 and H1 FY25–26 results).
- People: Allison Kirkby; Clive Selley; Rachel Reeves; Simon Lowth.
- Geographic: United Kingdom (UK).
- Organisations: Airband; Altnets; BT Business; BT Consumer; BT Group; BT International; Communication providers (CPs); Government; nexfibre; Openreach; Starlink; Tarana; TelcoTitans.
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