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BT scraps hunt for Openreach partner as fibre rollout costs fall
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BT has scrapped plans to find a joint venture partner to help fund the rollout of its next-generation broadband network to an extra 5 million homes, ahead of a potential takeover move by billionaire investor Patrick Drahi next month.
The company said that it had abandoned plans to find a partner for subsidiary Openreach because the cost of rolling out the new network had dropped significantly and takeup by homes and business had proved better than expected.
In May, BT announced that it was upping the pace of the plan forOpenreach to bring full fibre to 20m homes by 2026 by 5m through a potential £3bn joint venture with a third party.
Bringing in a third party was viewed by some as the first step in potentially being able to put a price on
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