A government review of the high-speed internet market in the U.K. found that the government has no business funding the roll out of a super-fast broadband network.
The case for government funding is "weak at best," according to the review, conducted by Francesco Caio, a vice chairman of Lehman Brothers Europe. The study also suggested, however, that the government should not become "complacent" -- that is, it needs to take an active role to ensure that investments are made in next-generation access.
The proposed super-fast network, estimated to cost $9.1 billion billion to $51.6 billion, is expected to run 25 times faster than current broadband access speeds, allowing for movie and music downloads in "seconds."
Photo: Flickr/Jepoirrier
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