APPENDIX 54
Letter to the Chairman of the Committee
from the Chairman of BT
When I appeared before your Committee on 5 February,
I said that we were working on developing an improved broadband
strategy that BT would be able to announce within weeks. I can
now give you the details of the first announcement we are making
on this new strategy.
Broadband is Britain's and BT's future. Today's
announcement is designed to kick-start the market by cutting the
price of our wholesale products. We are also setting ourselves
ambitious targets for increased ADSL connections and will drive
forward our marketing efforts to raise awareness and stimulate
demand.
We will be providing the Committee with a further
follow-up written memorandum, but I did not wish to delay bringing
you up to speed with an announcement which is so germane to your
inquiry.
26 February 2002
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