14:18 17th September 2008
Leaving the development of the broadband market to the private sector is an acknowledgement that the government cannot respond fast enough to technology advances, a new report has suggested.
An independent report by Francesco Caio of the Lehman Brothers, undertaken to investigate barriers to investment in next generation internet access, also claimed that the threshold for "high speed" is consistently moving.
In addition, Caio suggested that collaboration between public and private sectors needs to be more common, especially where normal commercial returns are non-existent.
Kip Meek, chairman of the Broadband Stakeholders Group, said: "This report states that although there is no government money on the table everyone involved in the provision of broadband must work more closely together to deploy super-fast broadband in the UK."
BT has recently already announced a £1.2 billion plan to bring multimegabit connections to ten million households in the UK, while Virgin Media is now using fibre cables to boost its speeds to 50Mb.
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