1.4 million premises - about half the city - are set for fibre over the next five years. 100 Mbps goes for £22 ($30) and900 Mbps symmetric £48 ($65.) 10 gig will also be available. 1,250 workers will tear up around 4,500 km of streets.
G.network - also the company's web address - received a permit from OFCOM in 2017. Mark Jackson reported in 2018 it had raised £60 million to run fibre to London businesses. For the consumer build, G.network is getting £295m from a big pension fund and the rest from banks.
BT is rapidly becoming the sick man of European telecom, with half a dozen well-funded companies running fibre and soon taking millions of customers. Unlike the French and Spaniards, the Brits didn't run fibre home, relying on DSL (including G.fast) and the absence of cable across half the country. It is paying a very high price and doesn't have a good turnaround strategy.
Marc Allera of BT thinks he can raise prices 3% above inflation.