Ofcom Proposes Lower Bills For BT Landline Only Customers
February 28 2017 - 3:31AM
Dow Jones News
LONDON--The U.K.'s communications regulator Tuesday announced
plans to cut bills for BT Group PLC (BT.A.LN) customers who only
use the telecommunications company's landline services to 2009
levels and restrict future price rises.
The Office of Communications, known as Ofcom, said it proposes
to reduce the amount BT can charge its more than 2 million landline
customers by at least 5 pounds ($6.2) a month.
The restrictions are likely to result in other telecoms
companies that provide landline-only services also cutting prices
in line with BT, which serves nearly 80% of this segement of the
U.K. market, Ofcom said.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
February 28, 2017 03:16 ET (08:16 GMT)
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