Company says cost of adding homes to new network has dropped 15%, and ‘we can fund it ourselves’
BT has scrapped plans to find a joint venture partner to help fund the rollout of its next-generation broadband network to an extra 5 million homes, ahead of a potential takeover move by billionaire investor Patrick Drahi next month.
The company said it had abandoned plans to find a partner for its subsidiary Openreach because the cost of rolling out the new network had dropped significantly, and takeup by homes and business had proved better than expected.
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Company says cost of adding homes to new network has dropped 15%, and ‘we can fund it ourselves’
BT has scrapped plans to find a joint venture partner to help fund the rollout of its next-generation broadband network to an extra 5 million homes, ahead of a potential takeover move by billionaire investor Patrick Drahi next month.
The company said it had abandoned plans to find a partner for its subsidiary Openreach because the cost of rolling out the new network had dropped significantly, and takeup by homes and business had proved better than expected. Continue reading…Technology | The Guardian