BT Group PLC facing more broadband competiton from billionaire backed startup Upp
The eastern England broadband network has received £1bn of investment from Mikhail Fridman's LetterOne vehicle Upp said it is extensively using Openreach's infrastructure BT Group PLC (LON:BT.A) is facing increased competition from various directions, with reports that a Russian billionaire is funding the rollout of a rival superfast broadband network coming a day after newly merged rival Virgin Media O2 set out its plan to “shake up the market”. Upp, which is planning to roll out full-fibre broadband in eastern England, has announced that LetterOne investment group has taken...