Ofcom the super regulator today has published a statement which means that BT will have to drop its wholesale broadband prices by 12% below inflation where they are the only broadband provider. Ofcom believes this will lead to better competition as resellers can provide a better quality of service.
The price controls come into effect on 17th August 2011 and remain in effect until March 2012.
Ofcom also published a statement on charge controls for 08 and 09 number ranges as BT has significant market power for call origination and also number translation services.
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