BT shares fall on rumours of Sky defection to Virgin

A recent report claimed Sky is turning towards VMO2 for its fibre needs, but BT insists its relationship with Sky is still fine.
The rumour comes courtesy of the Sunday Telegraph in a piece headlined ‘Sky closes in on broadband investment deal with Virgin Media O2’. The rest of it is behind a paywall but the long and short of it is that Sky is thinking of investing in the VMO2 fibre roll out, which ultimately suggests that’s where it will derive its fixed-line network rather th