Ofcom Decides Not to Take Action on BT's Proposed Fiber Pricing Offer
September 30 2021 - 5:57AM
Dow Jones News
By Joe Hoppe
A U.K. regulator said Thursday that it has decided not to take
any further action over telecommunications group BT Group PLC's new
fiber-to-the-premises pricing offer it intends to introduce from
Oct. 1.
Ofcom said it ran a consultation on Openreach, the
infrastructure arm of BT, which intends to introduce a new 10-year
'Equinox' pricing offer from Oct. 1. The fiber-to-premises offer
connects homes and businesses to the internet with high-speed
fiber-optic cables.
The regulator said that following public consultation and having
taken account of stakeholders' views on the offer, it decided not
to take any further action.
Ofcom must be notified of certain offers 90 days before they
come into effect, so that it can prevent Openreach harming
competition by restricting offers that would stifle new network
build by rivals.
Shares in BT at 0910 GMT were up 0.5 pence, or 0.3%, at 163.2
pence.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
September 30, 2021 05:42 ET (09:42 GMT)
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