By Joe Hoppe

 

A U.K. regulator said Thursday that it has decided not to take any further action over telecommunications group BT Group PLC's new fiber-to-the-premises pricing offer it intends to introduce from Oct. 1.

Ofcom said it ran a consultation on Openreach, the infrastructure arm of BT, which intends to introduce a new 10-year 'Equinox' pricing offer from Oct. 1. The fiber-to-premises offer connects homes and businesses to the internet with high-speed fiber-optic cables.

The regulator said that following public consultation and having taken account of stakeholders' views on the offer, it decided not to take any further action.

Ofcom must be notified of certain offers 90 days before they come into effect, so that it can prevent Openreach harming competition by restricting offers that would stifle new network build by rivals.

Shares in BT at 0910 GMT were up 0.5 pence, or 0.3%, at 163.2 pence.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

September 30, 2021 05:42 ET (09:42 GMT)

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