UK Broadband Providers Shares Rise on Plans to Boost Connectivity
23 July 2018 - 8:49PM
Dow Jones News
By Adria Calatayud
Shares in U.K. broadband providers rose Monday after the British
government set out plans to boost full-fiber connectivity with the
goal of having coverage across the whole country by 2033.
At 1004 GMT, shares in BT Group PLC (BT.A.LN), the retail
broadband leader in the U.K., were up 1%, while shares in smaller
competitors TalkTalk Telecom Group PLC (TALK.LN) and KCOM Group PLC
(KCOM.LN) were up 0.8% and 0.5%, respectively.
Newbuild homes will be required to have full-fiber broadband,
while public investments will be made to provide coverage for rural
areas, according to a government report released Monday.
The proposals aim to connect 15 million premises to full-fiber
broadband by 2025 and achieve full coverage by 2033, as this
infrastructure will be needed to support the rollout of 5G.
In the U.K., 4% of broadband connections are full fiber,
compared with 89% in Portugal, 71% in Spain and 28% in France, the
government said. Full-fiber connections are faster, more reliable,
and more affordable to operate than copper-based networks, it
said.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
July 23, 2018 06:34 ET (10:34 GMT)
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