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BT has been given the green light to invest in the UK's next generation broadband infrastructure by Ofcom.
The regulator will not impose a price-cap on the fibre optic lead broadband which will offer significantly faster download speeds.
It means BT's Openreach division will be able to provide the fibre optic cable service to internet service providers at market rates.
BT chief executive Ian Livingston said: "This is an important step and will allow the market to develop the next generation of the UK's broadband infrastructure, which is so critical to the UK's future as a knowledge-based economy."
Meanwhile, Ofcom's chief executive Ed Richards said the investment by BT would bring significant benefits to consumers and represents one of the most important communications developments in decades.
Commenting on the company's role in the upcoming Olympic Games, BT vice-president and director for the London 2012 communications delivery programme Stuart Hill said: "We will be putting reliability ahead of heroics."
Last Updated: 03/03/2009 18:00
BT in investment go-ahead - Fibre Leads - Article Discussion
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