The biggest shareholder in BT is Deutsche Telekom, the 4th biggest is Orange - doubt they want government gilts instead of a telecommunications company. Then we have Google and Amazon etc paying for another thing in the long list of things they'll be paying for.
A Virgin Media spokesperson said:
Virgin Media has the fastest scaled network in the UK and has pledged to bring next-generation Gigabit broadband to half of the UK, by the end of 2021. As this commitment shows, private investment is essential to delivering improved broadband infrastructure.
With billions of pounds worth of private money invested in the UK, Virgin Media continues to expand its network, providing competition and choice to consumers.
Government policy has a role to play and can help to accelerate broadband deployment in a way that minimises the level of public subsidy needed and provides the UK and consumers with incredible connectivity within a competitive market.
Matthew Fell, CBI’s Chief UK Policy Director, says:
Fast reliable broadband is an absolute priority for people and firms and does need improving. But Labour’s plan is not the way to do it. The roll out of full fibre broadband across the country is underway, and all renationalisation will achieve is to slow down a process that needs speeding up.
It is private sector investment that has driven connectivity, massively widened internet access and put faster speeds within reach for most UK households. This progress will be stopped in its tracks and the bill passed to pensioners and savers.
With so many challenges facing the UK, blinkered ideologies must be left behind and replaced by forward-looking public-private partnerships that deliver rather than delay.
As the scope of Labour’s radical re-nationalisation plans expands almost daily, firms around the world lose confidence in the UK as a place to invest safely. Some will be asking if they are next. This threat damages the livelihoods of communities across the country. It’s time for all parties to work with business, not against it.
I have the impression that if Corbyn said that he would give everyone who voted for him a million pounds Labour supporters would do all kinds of mental gymnastics to believe it.