Moments ago, BT has announced the official commercial launch of its FTTP (fibre-to-the-premises) products.

What does commercial launch mean? Simply that you can now buy and use the "ultrafast" product if you live in either Ashford, Bradwell Abbey, Chester South, Exeter, Forest Hill, Highams, Park, Ilford Central, Leytonstone, St Austell or York.

Do not panic if you are not ready for speeds up to 100Mbps, FTTC (fibre-to-the-cabinet) is also available at the aforementioned locations, which can deliver speeds of up to 40Mbps.

Here's a quick look at what BT's FTTP is all about:

BT Infinity Option 3 (broadband and calls):

•  Download Speeds of up to 100Mbps
•  Upload Speeds of up to 15Mbps
•  No usage cap
•  Free evening & weekend calls (to other UK landlines)
•  Free connection
•  Free Wireless Router
•  18 Month Contract

Price: £35 a month and a line rental charge of £10 on top.

If all goes according to plan, more or less 2.5 million premises will be able to take advantage of ultrafast broadband.

John Petter, MD of BT's Consumer Division, stated:

"Today's addition expands our product offering, so we now have three versions of BT Infinity offering high speeds that allow families to do more online at the same time.

"BT Infinity Option 3 matches the top speed currently available in the UK and beats the upload speed offered by Virgin Media's best offering."

Needless to say, both BT and Virgin Media are working on rolling out even faster speeds.