1 Day
Source:
The Guardian
BT eyes £2bn from old copper sale
BT's Openreach is generating an estimated £2 billion over the next decade from selling recycled copper cable, driven by rising global prices amid the full-fibre broadband rollout. The company has recovered nearly 10,000 tonnes of copper in the year ending March, benefiting from record-high market values, and has received upfront payments totaling nearly £200 million under long-term recycling deals. The surge in copper prices is linked to increased demand from AI data centers and the electrification of industries, while BT also implements anti-theft measures to protect its copper infrastructure.
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