Britain’s Virgin Media 02 to upgrade network to fiber by 2028
British cable and mobile provider Virgin Media O2 said it would upgrade its entire network serving 15.5 million premises to full fiber by 2028, stepping up its challenge to BT in rolling out ultrafast connections.
Virgin Media 02, a joint venture that brought together Liberty Global’s cable network and Telefonica’s O2 mobile network earlier this year, said there was an opportunity to enter the fixed wholesale market.
Chief Executive Lutz Schuler said Virgin Media was already Britain’s leading gigabit network – delivering speeds of 1.1 Gbps by the end of this year – and the upgrade would make it even stronger for the decades ahead. Financial Post
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