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BT’s Openreach proposes major broadband investment

BT’s Openreach proposes major broadband investment

Openreach may be about to give the government and broadband providers what they wanted. The recently spun-out company has proposed plans to provide superfast broadband to 10m UK homes, which is said would cost between £3bn and £6bn. The digital network business owned by telecoms giant BT (BT.A) said that the proposed set-up costs would need “to be recovered fairly through wholesale pricing”, which would require close co-operation between Openreach, communications providers, Ofcom and the government.

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