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They are putting new technology in what is an old
Victorian telecoms solution, Having had a career in the City of London, over many years I have seen the installation of major high speed networks, including the Metropolitan Ring. In the City, what goes in these cabinets is buried under manholes in the pavement in a pop-up chassis. They are doing Barnet on the cheap!

Our business 'broadband' is atrocious (2mb max) - we've been told it's because of wiring in excess of 100 years in age when High Barnet was in the forefront of the Plain Old Telephone system age - POTS !