Ofcom Proposes Lower Charges For BT's Openreach
March 31 2017 - 2:57AM
Dow Jones News
By Rory Gallivan
LONDON--The U.K.'s communications regulator Friday said it plans
to cut the price telecommunications company BT Group PLC's
(BT.A.LN) infrastructure business Openreach can charge other
telecoms companies for its high speed broadband network.
Ofcom plans to reduce the charge from 88.80 pounds ($111) a year
to GBP52.77 by 2020-21. The reduction will likely be passed on to
telecoms companies' customers, leading to lower bills, Ofcom
said.
Earlier this month BT reached an agreement with Ofcom that will
result in Openreach, which provides cable infrastructure for BT and
other telecoms companies, becoming a legally separate company with
its own board and management.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
March 31, 2017 02:42 ET (06:42 GMT)
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