Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

BT hangs up on new copper lines on its Openreach UK network

Published 05/09/2023, 11:39
Updated 05/09/2023, 18:05
© Reuters. A view of BT Group logo displayed on a shopfront, in London, Britain, July 21, 2023. REUTERS/Hollie Adams/File photo

LONDON (Reuters) - Britain's BT (LON:BT) stopped selling new voice copper telephone lines on its Openreach national network after more than a century, marking a milestone in its journey to a full fibre digital network.

BT in 2017 signalled its intention to retire the copper-based public switched telephone network (PSTN) by the end of 2025.

"As part of this whole process, we're now taking the significant step of ending the sale of new analogue services across the UK," Openreach said in a blog post on Tuesday.

"That means from today, when customers sign up for a new contract - or when they switch, upgrade or re-grade their service via their provider - they'll be moved onto a new digital line rather than an analogue one."

Britain's Gamma Communications (LON:GAMA) said the impending PSTN switch-off was driving early growth in its cloud-based PhoneLine+ product, which can replace the simple single line used by small businesses.

Gamma Chief Executive Andrew Belshaw said demand was increasing, but making the change was not a high priority for busy business owners, such as plumbers.

"One of the things we need to do is make sure that our customers get it a little bit higher up their list, so they're not caught out in a couple of years' time," he said in an interview after the company reported a 13% rise in first-half pretax profit.

"There's no reason you can't start switching now."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.