Trending: BT's Openreach Full-Fiber Broadband Pricing Offer Cleared by Regulator
24 May 2023 - 07:55PM
Dow Jones News
0924 GMT - BT Group is among the most mentioned companies across
news items over the past four hours, according to Factiva data,
after the U.K. regulator cleared Openreach's new pricing offer for
full-fiber broadband. The news sent BT shares up 1% making it one
of just a handful of risers in the FTSE 100 index. BT informed the
regulator of its new pricing offer for full-fiber services--known
as Equinox 2--last December as required under the regulatory rules.
The offer gives lower prices to retail providers that agree to use
Openreach's full-fiber products for new orders rather than legacy
copper products. Ofcom said that based on evidence available it
didn't consider the new pricing discounts to be anti-competitive.
Dow Jones & Co. owns Factiva. (ian.walker@wsj.com.)
(END) Dow Jones Newswires
May 24, 2023 05:40 ET (09:40 GMT)
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