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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly and agencies

Nearly £1bn wiped off BT’s shares after Sky reveals deal with Openreach rival

Sky BT Openreach CityFibre Internet
An openreach van with the words Superfast fibre
BT hopes its scale will give it a cost advantage but is under pressure from alternative networks. Photograph: Reuters

Nearly £1bn was wiped off the market value of BT on Tuesday after Sky revealed that it would start using a rival’s cables to deliver broadband internet to British homes.

Sky said on Tuesday that it would offer broadband via CityFibre’s fibre optic network, in a move that could put pressure on BT’s Openreach business.

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