Fibre upgrade cost trapping Britain in cyber slow lane
London
BRITONS desperate for faster broadband are unlikely to get it from a plan to separate the country's biggest network from BT Group unless the industry tackles how to pay up to £25 billion (S$45 billion) to upgrade to fibre-optic cables.
In a bid to boost Britain's economy through Brexit, Prime Minister Theresa May's government has said it wants to address business concerns and replace an ageing copper network with the "gold standard" common across Asia and parts of Europe.
But getting anywhere near the 1Gbps speeds the government is seeking is a big task because the national network, owned and run by former telecom monopoly BT Group, is trapped…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
China bubble-tea chain Chabaidao plunges on Hong Kong debut
Japan’s 7-Eleven convenience chain targets aggressive global growth
Parental fury after stem cell bank ruins thousands of samples in Singapore
China’s bubble tea boom creates a half-dozen billionaires
US sues to block Coach owner’s US$8.5 billion buyout of Versace parent