Deals
U.K. Labour Plans to Nationalize BT’s Broadband Unit
- Labour to roll out free full-fiber nationwide in 10 years
- McDonnell estimates nationalization cost at 20 billion pounds
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Britain’s Labour party pledged to offer all consumers free fiber broadband within a decade by nationalizing phone carrier BT Group Plc’s Openreach unit at a cost of 20 billion pounds ($26 billion).