Bt Moves to Avoid Regulatory Backlash Broadband and Local Loop Part of Concession Package

Summary

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BTyesterday unveiled plans to cut wholesale broadband prices, provide faster internet connections and give rivals equal access to its so-called local loop networks as part of a regulatory settlement with Ofcom to avert a possible break-up of the group.

Ofcom, which has been carrying out a year-long strategic review aimed at fostering greater competition in the telecoms sector, ordered BT last year to improve access and cut the amount it charges rival providers for using its broadband networks.

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Extract

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Bt Moves to Avoid Regulatory Backlash Broadband and Local Loop Part of Concession Package

BT had been threatened with the break-up of its wholesale and retail divisions by Ofcom, following complaints from rivals and consumer groups that...

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