BT to kill 100Mbps fibre broadband?

BT is considering shelving its £1.5bn (US$2.2 billion) high-speed fibre optic broadband network..

Chief executive Ian Livingston said shareholders had raised concerns over the level of investment and economic return in providing 10 million homes with 100Mbps fibre-based broadband by 2012.

Livingstone admitted a number of shareholders think BT "should hold onto the money".

"We need to have the environment in which our shareholders feel there is a good chance of us making a return. If we cannot have that environment this is not the time to be taking on sure-fire losses," Livingston said.

However another BT spokesperson said: "The project isn't at risk because of the recession. There's nothing that is affecting that investment decision at this moment."

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags broadband

Show Comments
[]