Ofcom to Cut Charges for Up to 1 Million BT Landline-only Customers
October 26 2017 - 2:56AM
Dow Jones News
By Adria Calatayud
The U.K.'s broadcast regulator Ofcom said Thursday that it is to
cut BT Group PLC's (BT.A.LN) charges for up to one million
landline-only customers following a review.
The regulator said BT agreed to cut bills by seven pounds
($9.24) per month from April 2018, reducing charges by 37% from
GBP18.99 to GBP11.99. Ofcom added that it has been concerned that
telephone line rental prices have risen, despite wholesale costs
falling.
Ofcom also said that two-thirds of the U.K.'s 1.5 million
landline-only customers are with BT; 800,000 of them will be
automatically protected by the charge reduction while a further
200,000 may also be eligible.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
October 26, 2017 02:41 ET (06:41 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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