47: UK broadband infrastructure: at a crossroads

The race to provide faster broadband is on. But will incumbents be disrupted by the challenger providers: the 'altnets'? The upcoming set of results from BT and their strategy for the future will be crucial in determining the answer. In 2018, UK consumers spent a total of one day a week online, more than twice as much as in 2007. Time spent online, demand for data and the number of devices connected to the internet all continue to grow, generating demand for ever faster and more reliable internet connections. BT currently passes less than a million homes with full fibre, targeting three million by 2022, and potentially leaving the company vulnerable to market share losses from the altnets in the long term. BT’s future depends on this investment decision – will management be willing to take some short term pain to preserve its long-term success? Read Marija and Madeleine’s blog here: https://futureworldblog.lgim.com/categories/themes/uk-broadband-infrastructure-at-a-crossroads/?cid=lgimtalks •    Marija Simpraga, Infrastructure Strategist, Real Assets team •    Madeleine King, Co-Head of Pan European Investment Grade Research, Global Fixed Income team •    Mark Chappel, Senior Investment Writer We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.