BT Subsidiary to Limit Investment of UK Fiber Network as Costs Soar, FT Reports
November 23 2022 - 2:48AM
Dow Jones News
--BT Group subsidiary Openreach is to limit the investment
rollout of ultrafast fiber broadband in the U.K. as the company
seeks to curb costs amid inflationary pressures, the Financial
Times reports, citing a letter.
--Openreach warned suppliers that they will face a financial
impact as the group implements plans to tighten the timing of
investment to build a "narrower and deeper" fiber broadband
network, and that it won't commit capital to projects further than
six months out, FT reports.
Full story: https://on.ft.com/3U1s4C3
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
November 23, 2022 02:33 ET (07:33 GMT)
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