Fairfax shares jump on overhaul announcement
A key feature of the project is “universal” internet – so it would allow every household to get internet at any time regardless of where they live, or how old they are.
It would be “wideband” – meaning it could carry much faster internet speeds for people who currently do not have internet access.
However, while it would allow anyone to access the internet, it would be restricted to users with pay-per-use subscriptions – those who can afford the costs.
The company’s chairman, Stephen Bell, said the UK government was supporting the project and adding that the investment would support “high speed, high quality fibre broadband” for as many people as p보성출장안마ossible.
The chairman said that the deal would not be “a silver bullet” that would make all parts of the UK’s broadband network fully accessible to everyone.
“It is about connecting every house with the best data, speed and reliability of all our broadband infrastructure and to make it happen I am convinced that we must look at our fibre distribution network in greater detail,” he said.
“All of the areas are not created equal and it’s good news that Fttps Labs has already put together a clear network plan based on what has been happening in the UK and abroad for the last decade.”
While it appeared that the UK government was supportive, several of its MPs expressed concerns about the project.
Sir Vince Cable, the Conservative MP for Twickenham and part of his constituency, said: “I think our new Prime Minister should be looking to improve the quality and speed of broadband.
“We are very pleased to see the commitment from Fttps Labs to invest £4billion on a high speed, fibre broadband network, which will enable millions to get a faster, better internet experience through the use of high speed broadband.
Sir John Major, the Labour MP for Exeter and South East Cambridgeshire, was more cautious.
“The Fttps Labs agreement and funding would not increase the level of access to faster data in this country – it would just enable the delivery of faster and more reliable broadband,” he said.
However, he said it was good to see investment being made into faster broadband.