BT has plans to increase the speed and improve the infrastructure of its Internet broadband network over in the U.K after competitors hurled accusations in its direction that they are stifling competition as well as have a poor track record when it comes to customer service.
BT chief executive Gavin Patterson did mention that they are looking at a new minimum broadband speed of 5Mbps to 10Mbps, as BT works on extending its “Openreach” fiber network. Patterson shared, “We should be under no illusions, the network requires investment if we want to stay ahead as an internet based economy, there is no two ways about that.”
In a report from KPMG that was commissioned by BT it did mention that the investment program in fast broadband would see an additional £20 billion to £30 billion added to the U.K. economy in the course of the coming decade.