Britain's opposition Labour Party said it will nationalize telecoms provide...
LONDON - Britain’s opposition Labour Party said it will nationalize telecoms provider BT’s fixed line network to provide free full-fiber broadband for all if it wins the Dec. 12 election.
The plan would require a sweeping upgrade of Britain’s internet infrastructure that would be paid for by raising taxes on tech firms such as Alphabet’s Google, Amazon and Facebook and using its Green Transformation fund, Labour said. “By creating British Broadband as a public service, we will lead the world in using public investment to transform our country, reduce people’s monthly bills, boost our economy and improve people’s quality of life.”
“It needs funding, it is very big numbers, so we are talking 30 to 40 billion pounds ... and if you are giving it away over an eight year time frame it is a another 30 or 40 billion pounds. You are not short of 100 billion pounds.” He said the current communications network was patchy and slow. Currently, fewer than 10% of British premises have access to full-fiber broadband - also called fiber to the premises, where fiber optic cable instead of copper is used to connect homes to the network.
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