Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

Ofcom delays BT fibre price decision after CEO remarks

Britain telecommunication Photo Credit: Simon Dawson Britain telecommunication Photo Credit: Simon Dawson
Britain telecommunication Photo Credit: Simon Dawson Britain telecommunication Photo Credit: Simon Dawson

Listen to the article now

After rivals objected, Britain’s telecoms regulator said it needed two more months to review BT’s wholesale price offer.

Ofcom advised BT (BT.L) not to deploy Equinox 2 on April 1 until it made a final judgment to offer confidence and stability.

Sky, Vodafone, and TalkTalk seek incentives from BT to move consumers to its national fiber network.

Virgin Media, O2, and hundreds of ailments spend billions on developing competitive networks.

Ofcom concluded the plan was not anti-competitive and would not restrict the former monopoly provider from launching it.

BT CEO Philip Jansen’s February Financial Times article, “BT boss worries Openreach fibre drive would ‘end in tears’ for rivals,” raised “serious alarm” within the regulator.

In a Friday letter to Jansen, Ofcom Chief Executive Melanie Dawes pledged network competition.

“We would take regulatory action if BT is able to distort competition in the market,” she warned.

Jansen’s reaction, released by Ofcom, argued the report and title misrepresented his statements.

Ofcom’s consultation responders cited Jansen’s statements.

CityFibre disputed BT’s Equinox wholesale price offer, but Ofcom didn’t act.

Virgin Media O2, BT’s biggest network rival, said Equinox 2 required a thorough assessment to ensure Openreach wasn’t abusing its market dominance to discourage network switching.

BT shares fell 1.3% early.


Comment Template

You May Also Like

Zhang Congyuan Taiwan's richest person-image from facebook

Taiwan's Richest People in 2022

19 min read

Although many countries were badly affected by the pandemic, Taiwan remained unaltered. They had set up ways to control the pandemic. As a result, the country only experienced 1100 Covid-19 patients w...  Read more

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok