Sources
Loading...
Additional media
Loading...

BT Group's stock fell more than 5% after Sky announced plans to roll out broadband services using CityFibre's network, a significant competitor to BT's Openreach. This strategic move by Sky has resulted in a loss of £1 billion in BT's market value. The decision marks a major shift in the broadband market, as Sky seeks to expand its services through partnerships with BT's rivals.
Sky to offer broadband via Openreach rival, wiping £1bn off BT market value https://t.co/mVcwEEH5Kz
Sky to offer broadband via Openreach rival, wiping £1bn off BT market value https://t.co/y8ybxdmXTn
BT suffers blow as Sky opts for CityFibre’s network in broadband deal https://t.co/K3s4dT8VU7