This story was delivered to Business Insider Intelligence Connectivity & Tech subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. Just weeks before the December 12 UK General election, the Labour Party announced plans to provide free, nationwide full-fiber broadband access by 2030, according to the Financial Times. Should it come to power, a Labour government would allocate £20 billion ($26 billion) to kick-start the nationalization process, which would see the government purchase divisions within Brittish Telecom (BT), including Openreach and portions of BT Technology, BT Enterprise, and BT Consumer. Labour plans to tax big tech companies like Google and Facebook to pay for network upkeep — an estimated £230 million ($297 million) per year.
Comment on The UK Labour Party plans to nationalize British Telecom
feedback@businessinsider.com (Hirsh Chitkara), Business Insider
Mon, 11/18/2019 - 7:32am
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