BT has set out it plans to bring 'ultrafast' broadband to the UK while the company reported a pre-tax profit increase of 12 per cent at £694m during its third quarter last year.
In delivering its quarterly results, chief executive Gavin Patterson talked about his ambition to deploy "G.fast broadband" across the UK with two pilot schemes set to proceed this summer in order that BT can deliver ultrafast speeds of up to 500Mbps to most of the UK within a decade, with initial plans scheduled from 2016/17.
Patterson described BT as being "a world leader" in fibre innovation and added that in order to implement G.fast it would upgrade its network should the pilots be a success and a "stable regulatory environment".
“The UK is ahead of its major European neighbours when it comes to broadband and we need to stay ahead as customer demands evolve. G.fast will allow us to do that by building on the investment we have made in fibre to date. It will transform the UK broadband landscape from superfast to ultrafast in the quickest possible timeframe," added Patterson.
A premium fibre service delivering up to 1Gbps will also be developed the company revealed.
The third quarter saw BT's overall revenue decline by 3 per cent to £4,475m.