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Internet service provider (ISP) BT Openreach has announced the wholesale pricing for its upcoming 110Mb fibre-to-the-premises broadband service.

Eager to remain on a par with its rival Virgin Media, which has now made 100Mb broadband available to four million homes in the UK, BT plans to launch the new ultra-fast service later this year.

According to ISPreview.co.uk, businesses wishing to take advantage of BT 110Mb broadband will have to pay £258.48 for an annual line rental.

However the service, which offers 15Mb upload speeds, will cost £157.80 if selected with a related copper voice service, the news provider stated.

A £75 connection fee also applies for firms seeking access to the new, ultra-fast broadband network.

BT announced the launch of 110MB broadband - which will be the fastest commercial service available in the UK – back in October 2010.

Originally, the ISP had been intending to offer download speeds of 100Mb, the same as Virgin Media's fibre-optic network.

However, with the two UK broadband providers engaged in something of an arms-race, BT has appeared keen to 'out-do' its rival by offering faster downloads.

A BT spokesperson commenting at the time said ultra-fast broadband customers would be guaranteed the headline speed, although not for 24 hours a day.

Earlier this year, the ISP claimed that 270,000 homes would be utilising 110MB broadband by September 2011, although the launch of the service has since been delayed.

BT is aiming to provide ultra-fast broadband to 2.5 million premises across the UK by the middle of the decade.

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