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  • Writer's pictureVeronica Speiser

Research Round-up June 2024

Updated: Jul 3


Key publication of the month:


Analysis of Q1 2024 UK ISP metrics

In summary

  • Total Q1 2024 FTTH/P/B, FTTC, cable, FWA/satellite and DSL wholesale and retail connections saw a very slight increase during the quarter and stood at an estimated 28.90m from 28.86m q-o-q and similar to 28.89m in the previous year.

  • The fixed broadband retail market remained relatively static with ~38k net broadband subscriber additions compared to ~29k net additions in Q4 2023, and -65k at the close of Q1 2023.

  • We estimate that BT’s Consumer division (which includes business) saw an overall loss of ~66k subscribers; compared to Q4 2023 this represented around a 0.62% decrease in the retail segment, but saw strong growth in its FTTP base adding 258k FTTP connections to reach ~2.58m up 40% y-o-y.

  • Openreach’s FTTP connections increased by 397k q-o-q and reached 4.70m up from 4.30m and its average build rate reached 78k premises per week with a footprint of 13.81m premises.

  • VMO2’s FTTP fixed network deployment (primarily on behalf of nexfibre) passed 1m premises throughout the year.

  • Independent (or AltNet) providers also struggled with economic headwinds as they have slowed down their FTTP network rollouts to focus on subscriber take-up, and saw ~70k net additions down slightly from around ~80k additions in the previous quarter. 

  • In May, CityFibre reported that its ‘customer connections now exceed 400,000, an increase of 77% year-on-year.’ Its network covered 3.6m premises with 3.3m being ready for service.

  Table 1.  Retail ISP broadband net adds/losses, Q1 2023 to Q1 2024.
Table 1. Retail ISP broadband net adds/losses, Q1 2023 to Q1 2024.

*BT Consumer includes EE and Plusnet subscribers, **Quarterly growth attributed to integration of Shell Energy Broadband subscriber base which was previously a wholesale client. Source: Point Topic estimates and company reports.

Read the complete article here.  

Key June telecoms sector news

BT Group News

Virgin Media O2 (VMO2) News

CityFibre (CF) News

Independent Operators (AltNets) News

Other News


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