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BT to invest £1.5bn in super-fast broadband
Tuesday 15th July 2008, by Daniel King
BT is to invest £1.5 billion in a super-fast broadband network that would connect about ten million homes around the UK.
The four-year plan would link up 40 per cent of the UK to a new fibre-optic based network, replacing the standard copper wires.
BT claims its super-fast broadband service will deliver speeds of up to 100 Mbs, rising to more than 1,000 Mbs in the future.
For example, it will allow people to watch high-definition video over the internet while downloading other bandwidth-hungry content.
BT chief executive Ian Livingston said that broadband has boosted the UK economy and is now an essential part of everyday life.
"We now want to make a step-change in broadband provision which will offer faster speeds than ever before," he stated.
In the 12 months ending March 31st, BT Group's revenue was £20.7 million, with profit before tax amounting to £2.5 million.
