BT pockets £105m in first ever recycling deal for surplus copper cables

Telecom has so far extracted 3,300 tonnes of potential 200,000 tonnes of cables amid 15bn rollout of full-fibre broadband

BT has received 105m as an upfront prepayment for the sale of surplus copper cables from its old network which it is replacing in a 15bn rollout of high-speed full-fibre broadband to 25m homes in one of the UK's biggest private national infrastructure programmes.

The telecoms company has struck a deal with a recycling company and received the sum after entering into a forward agreement to sell copper granules created from surplus copper cables which are being replaced by its new full-fibre network. The 105m transaction is the first of its kind.