Openreach is prepped to deploy fiber-to-the-premises to City of London businesses -- but only if landlords in the so-called "Square Mile" (London's financial district) give the wholesale provider permission, something an alarming number apparently have not yet done.
In fact, this inactivity caused Catherine McGuinness, chairman of policy and resources at the City of London, to send these apathetic property owners a letter outlining the results if they don't act soon, reported City A.M.
In part, the letter said:
The lack of engagement is a highly frustrating matter for Openreach, having undertook to prioritise the City to make the necessary investment to deliver a wholesale network, but also for the City Corporation given our longstanding advocacy around improving connectivity. Without sufficient take up there is a real danger that this opportunity could fall away with Openreach having to concentrate their efforts elsewhere in the UK, given their national roll out plans of FTTP and the delivery targets put in place by government.
Square Mile Squabble
Landlords in the City of London could be missing a trick if they don't engage with Openreach to enable fiber connectivity.
The lack of engagement with Openreach, BT's quasi-autonomous fixed access networks unit, could come back to haunt landlords as it seems blindingly obvious that offices and other properties in one of the world's foremost financial centers would attract more interest and higher rents if fiber is running directly into the building.
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