[martinald]

Basically there is an enormous amount of capital (at least £10bn from startup providers) out there going into UK FTTH builds. BT focussed too much of content (BT Sport) instead of FTTH and private equity now thinks there is an opp to steal marketshare from BT/VM.

However BT have now now committed £10-20bn, VM probably a few billion.

It will quickly consolidate like it always does.

[samwillis]

Thanks, I figured it was something like that. One of the startups here is a bunch of former BT execs so I was assuming they were hoping to exit by selling either to BT or VM.