Thursday, October 28

BT expects to partner with Sky still on fiber- source


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LONDON — BT expects Sky to need to use the telecom provider as its partner for full fiber services, after a media report said the pay-TV group was set to back Virgin Media O2’s fiber rollout, a person familiar with the situation said.

The report in the Sunday Telegraph sent shares in BT down 8% in early trading on Monday. However the source said that while Sky may keep its options open to take some volume to Virgin, it was still expected to use BT too.

(Reporting by Kate Holton; editing by Michael Holden)



financialpost.com

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