We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

BT to kill 100Mbps fibre broadband?

Shareholders sceptical over return on investment

BT is considering shelving its £1.5bn high-speed fibre optic broadband network.

Chief executive Ian Livingston said shareholders had rasied 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".

See also: BT announces 10,000 job cuts


IDG UK Sites

Acer Aspire R11 review: Hands-on with the 360 laptop and tablet convertible

IDG UK Sites

Apple Watch release day: Twitter reacts

IDG UK Sites

See how Framestore created a shape-shifting, oil and metal based creature for Shell

IDG UK Sites

Apple Watch buying guide, price list & where to buy today: Which Apple Watch model, size, material,?......