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The UK’s opposition Labour party has promised it will give free full-fiber broadband to every home and business in the country if it wins Britain’s upcoming December elections. The party said it would nationalize part of UK telecoms firm BT to achieve its goal, and introduce new taxes on Silicon Valley tech giants like Apple and Facebook to fund the network’s maintenance. The announcement took the business world by surprise, with shares in BT dropping four percent in early trading before recovering to a roughly two percent fall. The chief executive of the company Philip Jansen told the Financial Times…

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