By Will Sturgeon, 25 October 2001 07:31
NEWS Lattice, the owner of utilities firm Transco, has entered the fiercely contested UK broadband sector. The company's wholly-owned telecoms division, named 186k after the speed of light, yesterday unveiled its national fibre optic network. The majority of the 2000km network is laid alongside the company's gas network. According to the Financial Times the company remains confident that it can survive in a broadband market that has already seen many companies go to the wall. The paper quotes Lawrie Haynes, CEO of 186k, saying he believes broadband will "take off" in the UK and he appears undeterred by competitors cutting back on broadband ventures. 186k was launched last year with £450m investment from parent Lattice. The launch followed similar strategies from rival utilities firms Energis and Thus, a Scottish Power subsidiary and owner of ISP Demon.
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