10/12/2009

Consultation on a new specimen performance bond for the purposes of Regulation 16 of the Electronic Communications Code (Conditions and Restrictions) Regulations 2003 | Ofcom

Consultation on a new specimen performance bond for the purposes of Regulation 16 of the Electronic Communications Code (Conditions and Restrictions) Regulations 2003 | Ofcom

Ofcom can grant "code powers" to any Electronic Communication Network which gives them the right to dig roads, install masts etc.

A part of the conditions in having code powers is that if the company goes out of business they must have enough funds to complete the works and repair any roads that they have put trenches in etc.

Previously Ofcom have mandated that companies take out insurance have bonds in place to cover any uncompleted work. Ofcom have now updated the bind requirements for companies wishing to have code powers and are consulting on the new bind conditions, of which they have published a sample.

The consultation closes on 14/01/2010.

This wont effect many companies, it's only the telcos, mobile operators and other networks that use code powers so they can build their networks.
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