BT have released details of a drop of rental rates of ultra-fast fibre optic broadband, charging rental rates of £38 rather than £60 per month for use of its cable infrastructure.

The new price will be introduced from June 2013 and comes after the telecommunications giant face heavy criticism for low fibre uptake compared to the rest of Europe.

Mike Galvin, Managing Director NGA at BT Openreach described the planned cost cut, saying: “It is now time for us to focus further on FTTP and I am pleased to say that we are making it more affordable than ever. I am sure that small businesses will welcome this major price cut and I am also sure that our fibre on demand plans will be of great interest.”