Telecoms and television broadcasting firm BT Group on Thursday said it planned to invest £6.0 billion ($8.7 billion, 7.6 billion euros) over three years to extend superfast Internet connections across Britain. The announcement comes as the British group, which goes head-to-head with Sky for live TV coverage of English Premier League football, announced a 15-percent hike in annual pre-tax profits to more than £3.0 billion.
During its 2015-16 financial year ending in March, BT completed its £12.5-billion take-over of mobile phone operator EE, previously owned by French group Orange and Deutsche Telekom. BT said in a statement that it would "spend around six billion pounds in capital expenditure over the next three years in the first phase of a plan to extend superfast broadband and 4G coverage beyond 95 percent of the country by 2020".
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