FOREX UPDATE

BT has revealed its plans to provide Glasgow with superfast fibre-optic broadband as soon as this autumn, making it the first city to have the next-generation service.

The telecoms giant has confirmed that over 15,000 homes plus businesses in Hillington, Crookston and Cardonald will receive fibre to the cabinet capable of delivering speeds of up to 40Mbps.

BT may increase the speed of the service to 60Mbps in future.

It may be noted here that ambitious BT has plans to bring up to 40% of the UK households under the next-generation service by 2012.

Openreach, network business arm of BT will put-in 56 new street cabinets.

Speaking on the topic, Bob Downes, a big shot at Openreach, said, "The race to get super-fast broadband into Glasgow is well and truly underway."

It should be noted here that Glasgow has got the opportunity after London objected over the service, citing aesthetic issues.