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Investing.com -- Britain’s largest broadband provider BT Group (LON:BT.A) is considering the launch of a low-cost mobile brand, according to a Financial Times report on Tuesday.
The telecommunications giant is exploring multiple options for this potential expansion, including creating an entirely new brand or acquiring an existing mobile virtual network operator, the newspaper reported, citing people familiar with the matter.
BT’s consideration of entering the low-cost mobile market comes amid increasing competitive pressure from new entrants to the UK telecommunications landscape, including financial technology companies Revolut and Monzo, the report noted.
These fintech firms have been expanding their service offerings beyond traditional banking services into the telecommunications sector, creating what the Financial Times described as a "rising threat" to established providers like BT Group.
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