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BT.A Bt Group Plc

104.95
-0.30 (-0.29%)
Last Updated: 09:52:31
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bt Group Plc LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30 -0.29% 104.95 104.95 105.00 105.40 104.35 105.40 2,814,994 09:52:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phone Comm Ex Radiotelephone 20.92B 1.91B 0.1916 5.49 10.45B

UK Government to Grant Legal Right to High-Speed Broadband by 2020

20/12/2017 11:18am

Dow Jones News


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By Adria Calatayud

 

The U.K. government said Wednesday that broadband with a speed of at least 10 megabytes a second will become a legal right in the country by 2020 through a universal service obligation, or USO.

An offer made by BT Group PLC (BT.A.LN) to bring high-speed broadband to over a million rural homes was rejected by the U.K. government, as it said the proposal wasn't strong enough. However, the government added that it welcomes BT's continued investment to deliver broadband to all parts of the U.K.

Only a regulatory USO offers sufficient certainty and the legal enforceability that is required to ensure high-speed broadband access across the country, the U.K. government said. Under the scheme, broadband providers will have a legal requirement to give speed of at least 10 megabytes a second to anyone requesting it, subject to a cost threshold.

The system will work in the same way the universal service right to a landline telephone does, the U.K. government added.

Early next year, the U.K. government will set out the legal design for the right to high-speed broadband and, once the legislation is laid out, implementation is expected to take two years, it said.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

December 20, 2017 06:03 ET (11:03 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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