Skip to main content
Jump to navigation
broadband header

Network Rail has confirmed that its fibre optic and telecoms network will not be sold off.

The organisation had received interest from the likes of Virgin Media and BT that were keen to improve coverage for mobile broadband users and customers in rural areas.

However, the Financial Times has reported that Network Rail could not agree on various matters with potential buyers.

As a result, it has dropped the planned sell-off, saying there are "no immediate plans" to privatise the network.

The organisation will instead focus on selling off property assets in order to reduce its debts and absorb the cost of a five-year modernisation project.

The prospect of a sale of Network Rail's fibre optic network was first mooted in March this year.

Speaking to TechWeekEurope, a spokesman said that selling unused capacity to telecoms companies could be "commercially sensible".

Join the conversation

comments powered by Disqus

Stay up to date

  • Google+ Follow uSwitchTech
  • Subscribe to our RSS feed

Latest Comments

  • Paulstubb 1 week ago Britons' refusal to change... I left TalkTalk and paid extra elsewhere because their customer service is nonexistent. Absolutely awful.
  • Fennyuk 1 week ago TalkTalk offer discounts on... Using the television service as a loss leader! I'd rather have a reliable internet service and choose my...
  • Fennyuk 1 week ago Britons' refusal to change... Talktalk's "no price hikes" only applies to line rental and not the add-on services. I was on an 18 month...

Search news