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BT has said superfast broadband is now available to more than 90 per cent of homes in Britain.

According to Simon Lowth, Group Finance Director at the provider, this fact disproves the notion that the UK is lagging behind other nations when it comes to digital connectivity.

Indeed, he told the Telegraph that Britain leads the five largest European economies in terms of superfast coverage, take-up and average broadband connection speed.

"The UK has achieved this through investment and innovation enabled by that investment," Mr Lowth commented.

"This has been made principally by BT and also by our competitor Virgin Media."

However, Mr Lowth warned that future progress could be put at risk if its rivals succeed in lobbying for a full separation of BT and its infrastructure subsidiary Openreach.

BT was ordered by Ofcom in July to give Openreach more independence and investment powers, so the broadband subsidiary could be run as a distinct and legally separate company with its own board.

However, the regulator stopped short of calling for a full structural separation, saying its proposals will provide Openreach with the greatest possible degree of independence without separating the companies entirely, and lead to decisions being taken for the good of its customers and the wider telecoms industry.

"Some argue that the separation of BT and Openreach would somehow create additional investment," Mr Lowth said.

"This is not correct; it would reduce investment and put the UK’s strong digital position at risk."

Mr Lowth added that it would cost billions of pounds to break up BT and "achieve nothing further to the voluntary changes that BT is already making".

"The separation of Openreach from the BT Group would create huge uncertainty, be bad for investment, and bad for Britain’s digital future," he said.

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