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Another satisfied O2 customer here, best move I've ever made
Yeah, BTs traffic shaping was very aggressive, they were throttling all non-HTTP traffic to 20k/s most of the day. I also believe that their traffic shaping was anti-competitive as they provide TV (BT Vision) and VOIP (BT Talk) services which were not affected by the traffic shaping but services like Skype were. I am so glad I managed to switch my parents broadband to O2, not only are we getting much faster connection speed but there is no traffic shaping.
I'm on a quite a long line attenuation 56-57db, sync speed with BT was 3.5meg and now with O2 5.5meg, it may drop a little as it has a few errors but it's looking good.
You can forget the Sync speed for BT as throttling or as they like to say trafficshaping renders it meaningless.
Also when you use the BT speedtester It will give you your throughput without the throttling applied which makes it look better than it is.
Be and O2 are the same people, so if you can't get one's LLU product you can't get the other - O2 offer a Home Access product which uses BT Wholesale (so should still be better than using BT Retail) but it isn't unlimited or as cheap.
Eclipse Broadband