Actually the £258m is estimate of what BT (not Govt) will hand back. Contractual obligation between us and LAs.https://twitter.com/grantshapps/status/729930465461800960 …
@JonCarter So who actually gets the rebates? The LAs? Or does BT have to spend on further expansion of network?
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@bazzacollins We have to re-invest if there's high take-up (over 20%) if we can't it's repaid to LAs at end of contract -
@bazzacollins Last year we made commercial decision to release £129m to LAs to re-invest early, rather than when contracts specify.
End of conversation
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