BT is just coasting with £6bn wave of broadband investment

Some of the spending would have happened anyway and the plan will not represent a technological revolution

It's a "further wave" of investment, says BT, conjuring visions of Britain surfing to a fast-speed broadband future while other nations splash in the shallows. Don't believe the hype: 6bn is a large sum, but not quite as it seems.

About a third probably covers newly arrived EE's expansion of its 4G mobile network, which is spending that would have happened anyway. The Openreach broadband element - call it 4bn - equates to 1.33bn a year since this is a three-year programme. That's an upgrade from a current rate of 1bn a year, but we're not talking tsunamis.

Related: BT to spend 6bn on superfast broadband and 4G rollout