Advertisement
UK markets close in 6 hours 18 minutes
  • FTSE 100

    8,097.20
    +56.82 (+0.71%)
     
  • FTSE 250

    19,726.53
    +7.16 (+0.04%)
     
  • AIM

    755.10
    +0.41 (+0.05%)
     
  • GBP/EUR

    1.1672
    +0.0027 (+0.23%)
     
  • GBP/USD

    1.2519
    +0.0057 (+0.45%)
     
  • Bitcoin GBP

    51,214.15
    -1,823.72 (-3.44%)
     
  • CMC Crypto 200

    1,358.88
    -23.69 (-1.71%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    82.89
    +0.08 (+0.10%)
     
  • GOLD FUTURES

    2,339.40
    +1.00 (+0.04%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,999.79
    -88.91 (-0.49%)
     
  • CAC 40

    8,059.57
    -32.29 (-0.40%)
     

BT to give greater network access to rivals under new Ofcom plan

LONDON (Reuters) - Britain's biggest telecoms group BT will be forced to give rivals greater access to its core network Openreach to encourage a faster roll-out of high-speed fibre cables, under plans set out by regulator Ofcom on Friday.

Currently rival companies to BT can access the former monopoly's telegraph poles and underground ducts to lay their own fibre networks to reach residential and small-business customers.

Under the new plan, BT will have to extend this approach to rivals serving large businesses as well, improving the business case for other telecom firms to focus on fibre.

(Reporting by Kate Holton; editing by Jason Neely)