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UK broadband provider Virgin Media (VM) has moved to deny claims that it is planning to rent out its next-generation fibre optic broadband network to rival broadband suppliers.

Earlier today, the Guardian reported that the internet service provider has drawn up “secret plans” to offer competitors such as Tiscali and O2 use of its network in exchange for a fee.

This move was claimed to be intended to head-off possible intervention from regulators, who are thought to be considering compelling VM to rent out its network.

However, a statement issued by VM in response to the story has rubbished the newspaper's claims and maintains that the company will remain a consumer focused broadband provider.

A spokesman said: “The report in the Guardian does not reflect Virgin Media's position and we have no plans to develop a wholesale proposition.

“In the context of the government's digital Britain initiative and Ofcom's recent review of next generation access, we have considered a range of strategic options but currently remain focused on delivering market leading retail services."

VM's fibre optic network enables it to offer super-fast broadband packages, such as its 50Mb offering which was launched with much fanfare late last year.

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