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HomeBusiness£1bn wiped off BT’s shares after Sky reveals deal with Openreach rival

£1bn wiped off BT’s shares after Sky reveals deal with Openreach rival

Sky says it will offer broadband via CityFibre’s network in addition to Openreach, which it already uses

More than £1bn was wiped off the market value of BT on Tuesday after Sky revealed that it would start using a rival’s cables to deliver broadband internet to British homes.

Sky said on Tuesday that it would offer broadband via CityFibre’s fibre optic network, in a move that could put pressure on BT’s Openreach business.

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