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ALEX BRUMMER: BT needs to find a faster route to full fibre

Philip Jansen finally has shown his hand. BT pledges to step up its broadband work by providing 25m homes with full fibre to the door by 2026. But the capital cost means it cannot do it alone and needs to find a friend. Meeting the ambitious and necessary target will be assisted over the next two years by Rishi Sunak’s tax relief for investment. Standing in the way of Jansen’s ambition to bring in outside finance was former chairman Jan Du Plessis, who left suddenly two months ago.  Full speed ahead: BT boss Philip Jansen has pledged to step up its broadband work by providing 25m homes with full fire to the door by 2026

BT is finally doing the heavy lifting required to deliver better broadband

BT is finally doing the heavy lifting required to deliver better broadband Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 13 May 2021 • 6:18pm It can be no coincidence that on the day that BT chairman Jan Du Plessis faced the City for what was probably the final time, boss Philip Jansen was enthusiastically laying out ambitious plans to ramp up his transformation of the ailing former state monopoly. The chairman’s priority was improving relations with the regulator but Jansen is an advocate for an unflinching overhaul and with his sparring partner out of the way, he is a man in a hurry.

STOCKS TO WATCH: Royal Mail bullying tarnishing shares

BT Group PLC upgraded as Credit Suisse expects one of the strongest post-COVID rebounds

BT Group PLC upgraded as Credit Suisse expects one of the strongest post-COVID rebounds
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