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Code rights in respect of land connected to leased premises

Part of Telecommunications Infrastructure (Leasehold Property) Bill – in the House of Commons at 1:45 pm on 10th March 2020.

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Photo of Iain Duncan Smith Iain Duncan Smith Conservative, Chingford and Woodford Green 1:45 pm, 10th March 2020

My right hon. Friend is absolutely right. I was going to come to that, but now that he has mentioned it, let us kill this one completely. The reality is that there has been a whole series of attempts—successful ones—to steal technology from other companies in the field, thus driving them out, by finding the edge they have on technology and selling it at a cheaper price. The bidding that took place under the previous Labour Government was raised earlier. I am not blaming the Labour Government for that; that just happens to be the way it was. But the amount paid by those companies was astonishing—about £24 billion to £25 billion—and it left them bereft of cash and desperate for cheap product.