BT’s financial report for the first half of 2024 reveals a 3% revenue decline due to the competitive retail market, while profits fell by 10% owing to heightened costs. On a positive note, BT’s fibre network now covers over 16 million UK households, bolstered by the rapid fibre deployment by Openreach.
Vodafone Spain and Telefonica have launched an ambitious FibreCo project, extending fibre networks to 3.6 million premises. With Telefonica holding a 63% stake and Vodafone 37%, this venture revolutionizes fibre access across the country.
Ofcom has introduced new regulations mandating that internet service providers (ISPs) clearly state whether their broadband uses full-fibre, part-fibre, copper, or cable networks. This aims to eliminate confusion among consumers by providing transparent information on network technologies. By making informed comparisons, customers can better choose the right internet services.
AT&T partners with Nokia in a groundbreaking multi-year deal to upgrade its US fibre network infrastructure. Spanning five years, Nokia will deliver crucial fixed broadband equipment to bolster AT&T’s current infrastructure and accommodate future network expansions. This partnership is set to enhance broadband access for millions, driving digital innovation.
FiberLocator, the renowned US fibre data platform, has expanded its network planning services to include UK fibre data, integrating UK fibre providers into its extensive database. This expansion aids carriers, mobile operators, and data centre operators by offering comprehensive, timely, and accurate fibre data, facilitating seamless global connectivity and streamlined wholesale transactions.
The recent partnership between CityFibre and Sky has significant implications for the UK’s broadband market, potentially challenging BT’s dominance. This deal extends Sky’s services, enhancing competition and driving innovation. Industry experts suggest that while BT faces pressure, the partnership signals confidence in the emerging alternative networks.
SK Telecom and Nokia have partnered to introduce groundbreaking fibre sensing technology designed to detect environmental changes affecting optical cables. This innovation aims to boost network safety, preventing damage from earthquakes and climate changes. By leveraging machine learning, the collaboration ensures proactive responses, minimizing service disruptions and improving network reliability and efficiency.
Cornish ISP Wildanet has secured £35 million from UK Infrastructure Bank to expand their fibre-to-the-premise network. This funding aims to connect an additional 20,000 homes and businesses in Cornwall, enhancing connectivity and driving economic growth.
Hyperoptic has secured a significant £150 million investment from the UK Infrastructure Bank (UKIB), accelerating their fibre-to-the-home rollout. This latest funding increases Hyperoptic’s total raised this year to £255 million, bringing overall funding to £1.1 billion. The investment highlights strong support for Hyperoptic’s mission to deliver ultra-reliable, hyperfast full fibre broadband.
PCCW has finalized an agreement to sell a 40% stake in its fibre business to China Merchants Group, a state-owned investor, for $870 million. The Hong Kong telecommunications company had been in talks with various potential buyers for months, but officially signed with the Chinese firm.
