Shares remained flat on the London Stock Exchange on Friday morning, following the announcement. Such a cap could also mean that broadband customers will see prices fall.īut BT was quick to contest Ofcom's assertion, by saying: "on first viewing they do not appear to incentivise more investment in 'full-fibre' networks." The telecoms giant's investors aren't spooked by the watchdog's latest crackdown on Openreach, either. The UK's communications regulator said that the move would encourage rival ISPs, many of whom rely on BT's Openreach infrastructure, to invest in full fibre networks-something that prime minister Theresa May's government has been trumpeting. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.BT-fresh from being whacked with a multi-million pound fine after a serious breach of Ofcom's rules-has been told that it must slash wholesale prices that Openreach charges telcos for its 40Mbps broadband service to bolster competition in the market.Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds.
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so.Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body.Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services.Obtains access to the information in a personal capacity.I am a private investor* I am not a private investor *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
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