30th Sep 2021 18:05
(Alliance News) - UK telecommunication regulator Ofcom said Thursday it will not take any action on the new fibre-to-the-premises pricing offer which BT Group PLC's subsidiary Openreach had announced at the start of July.
Openreach said that the offer will be available once customers choose to commit to use fibre-to-the-premises when they purchase from Openreach, and will grant pricing certainty for up to ten years with a single national rental price applying to Openreach's entire FTTP footprint.
Prices can be competitive, with customers altering offers to cover a range of speed tiers, while pricing is set by telecommunications regulator Ofcom on the lowest speed tier, which is 40 megabits per second upstream.
From Friday onwards, Ofcom said that Openreach must notify it of certain offers 90 days before they come into effect, to prevent the harming of competition.
Shares in BT Group closed down 1.8% at 159.80 pence on Thursday in London.
By Dayo Laniyan; [email protected]
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