Johnson Poised to Unveil as Much as 5 Billion Pounds in Broadband Fund

Johnson Poised to Unveil as Much as 5 Billion Pounds in Broadband Fund

Foto: Depositphotos

U.K. Prime Minister Boris Johnson is set to announce as much as 5 billion pounds in government funding for faster telecom networks, according to Bloomberg, citing a person familiar with the matter.

The spending could be revealed at the ruling Conservative Party’s conference in Manchester this week, and would subsidize infrastructure including fiber optic connections to improve broadband in remote parts of Britain, said an official who declined to be identified as the plans are still confidential. The money would be put towards delivering a key pledge from Johnson’s recent campaign to lead the Conservative Party. He promised to accelerate his predecessor’s ambition to hook up every property in the country to fiber optic broadband, aiming for 2025, eight years earlier than the previous goal.

The Sunday Telegraph newspaper first reported the latest funding. Earlier this month Culture Secretary Nicky Morgan convened broadband executives to work out details, with bosses attending from former state monopoly BT Group, Liberty Global’s Virgin Media, and alternative networks such as Goldman Sachs-owned CityFibre.

Gaps in the plans include how to avoid a wasteful building war, in which companies chase densely-populated, profitable areas and leave sparser regions behind. About a 10th of Britain’s homes and businesses could need state support because connecting them is not commercially viable, according to a government review published last year.

The government’s stated goal of fiber optic connections for the whole country has been moderated and officials now talk about “gigabit-capable” connections, a shift that allows for technologies like wireless 5G and Virgin Media’s coaxial cable. The U.K. lags European neighbors in full fiber, which reaches only 8% of British premises compared to about 90% of homes in Portugal and 70% in Spain.

More from category

Qualcomm Introduced Third-Generation 5G Modem-RF System

Qualcomm Introduced Third-Generation 5G Modem-RF System

19 Feb 2020 comment

Qualcomm unveiled its third-generation 5G modem which will offer device performance benefits as operators move to standalone networks.

Ericsson Launches AI-powered Energy Infrastructure Operations

Ericsson Launches AI-powered Energy Infrastructure Operations

17 Feb 2020 comment

Ericsson launched AI-powered Energy Infrastructure Operations, a new energy management solution that leverages AI and advanced data analytics.

Ericsson Launches New AI-Powered Network Services

Ericsson Launches New AI-Powered Network Services

16 Feb 2020 comment

Ericsson has launched two new AI-powered offerings in its Network Services portfolio that enable communications service providers to secure always-on networks.