In a move which has been too long coming for many, BT has announced plans to invest £1.5 billion in upgrading the UK's broadband network with the installation of fibre option cables. However, the move is conditional upon OFCOM agreeing to a recent price review from BT after arguing that wholesale broadband process in the UK were too low and blocking the flow of investment in future networks.
Initial indications from OFCOM have shown the regulator to be more than willing to consider a price hike, in exchange for a commitment for the future. While the likes of Virgin Broadband and Sky Broadband, to name but two, have voiced their concerns about any price rise there needs to be an incentive for BT to invest for the future.
If the investment goes ahead it will see over 10 million homes across the UK gain access to ultra-fast broadband by 2012, and a number of selected homes see fibre optics installed to their doors. The use of fibre optics is vital to the next generation of UK broadband services and will see speeds in excess of 100Mbps become common place over the next decade, pushing the UK to the forefront of the worldwide broadband industry. |
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