Telecoms giant BT is expanding it’s full-fibre network

It expects to connect around 3.5 million homes and businesses this year, compared with 2.6 million previously.

For the three months to the end of June, BT’s revenues were all but flat at £5.1billion, while its pretax profits fell 10 percent to £482million due to write-offs.

But CEO Philip Jansen said: “We are delivering and not withstanding the current economic uncertainty, we remain confident in our outlook for this financial year.”