Posted: 20th Feb, 2004 By: MarkJ
Much as expected, BT has now officially passed its target of two million wholesale broadband connections. The operator was able to add the additional million within just eight months.
Ben Verwaayen, BT chief executive said: "The phenomenal growth we are now seeing in the broadband market is excellent news for the whole economy, and for the UK broadband industry in general. Over the next few years we will all have to continue to work hard to maintain this momentum, but I have no doubt that this is absolutely achievable."
More than 700,000 people have signed up with BT's world leading registration scheme since it was set up in July 2002. It has helped match investment to demand and has enabled BT to roll out broadband at a much faster pace than would otherwise have been possible.
More than 85 per cent of UK homes and businesses are now connected to broadband enabled exchanges and the figure is expected to reach 90 per cent by the summer. Currently customers connected to 2,345 exchanges can get broadband and more than 800 are in the process of being upgraded, including those in partnerships.