The UK Government has announced it will spend £95 million to fund full fibre projects in 13 locations across the country, as a report from CityFibre revealed the potential economic benefits of the technology.

Ofcom has unveiled proposed new caps on the wholesale prices that Openreach can charge to rivals, leading to BT-owned company to warn revenues and profits would dip in the next three financial years.

CityFibre and Vodafone have announced the Scottish city of Aberdeen as the second destination for their FTTH joint venture.

“Incumbents do not have the answer,” was CityFibre CEO Greg Mesch’s characteristically blunt claim during a panel at this week’s FTTH Conference in Valencia.