BT to ´change the face of broadband´
BT is set to invest £1.5 billion in Britain´s "go slow" broadband infrastructure in a bid to boost download speeds.
The new fibre-optic network would deliver data at up to 100Mbs, with the potential of speeds as high as 1,000Mbs in the future.
BT is suspending its share buy-back programme to fund the investment, which it says will revolutionise the way people use the internet in the future.
Ian Livingston, BT chief executive, said: "Broadband has boosted the UK economy and is now an essential part of our customers´ lives."
"We are keen to partner with people who share our vision for the next phase of the broadband revolution," he added.
The call by BT comes days after a survey released by uSwitch, which showed that nearly a third of broadband customers (4.2 million) are not satisfied with the speed of their connection.
Consumers now spend £2.7 billion a year in subscription fees, according to the price comparison site.
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