BT has secured a contract with government and European funding to provide Wales with a super-fast broadband roll-out designed to transform the country.
The total amount which will be invested in improving Welsh fibre infrastructure will be £425 million, consisting of both public investment from the government’s broadband pot, and private investment from BT.
Wales currently lags behind the rest of the UK in terms of broadband speeds, and by Ofcom’s reckoning some 20 per cent of the country is hampered with an internet connection of less than 2Mbps.
This large-scale project aims to connect 96 per cent of Welsh homes and businesses to FTTC with speeds of up to 80Mbps.
“Ultra-fast” broadband will also grace some areas, for businesses who want truly speedy net access running at up to 330Mbps.
BT is stumping up £220 million, just over half of the money, while £58 million is coming from the Welsh government, £57 from the Broadband Delivery UK (BDUK) pot, and a further £90 million from the European Regional Development Fund (ERDF).
Wales’ First Minister, Carwyn Jones, said: “This is an incredibly important agreement for Wales. Our partnership with BT will see to it that Wales does more than simply catch up with our neighbours; we intend to catch up, overtake and then set the pace that others will strive to match.”
“The project will transform the broadband landscape across Wales and ensure that local businesses can become global businesses. It will ensure that firms remain in Wales and it will also attract a more diverse range of high growth, high value companies to the country across all our key sectors from tourism to high end manufacturing.”