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

5 reasons not to wait for the Apple Watch: Why you shouldn't buy the iWatch

IDG UK Sites

Why local multiplayer gaming is rapidly vanishing: we look at the demise of split-screen and LAN...

IDG UK Sites

How Emotional Debt is damaging digital design

IDG UK Sites

iPhone buying advice: Should I buy an iPhone 6, iPhone 6 Plus, iPhone 5s, or iPhone 5c, or wait for7......