BT News: Ruling on high-speed, fibre-optic broadband network

Ofcom has said that there will be no regulatory barriers” for BT (NYSE:BT) to develop a super-fast broadband infrastructure. BT will now be able to go ahead with their £1.5bn investment plan to their network, giving 20 million homes access to super-fast Internet.

BT did not want to move on the plan, unless regulator Ofcom allowed for them to make a healthy return on their investment. Ofcom has said, “There are no regulatory barriers,” they also added, “We want to promote investment but also ensure that there is fair and effective competition for the future.”

This new network of super-fast broadband will see the installation of fibre-optic cables, much like what Virgin Media use with their cable service. BT will then be able to offer speeds between 40 and 60Mbps, one million of those homes will have the fibre-optic cables allowing for speeds up to 100Mbps.

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