BT network arm Openreach cuts wholesale broadband prices

Oliver Gill
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Clive Selley is Openreach's chief executive, having previously served as BT's chief information officer

BT has voluntarily cut the amount it charges Vodafone, Sky and TalkTalk after the UK's telecoms regulator revealed plans to force infrastructure arm Openreach to reduce its prices.

Watchdog Ofcom consulted earlier this year on plans to reduce the price Openreach can charge communication providers (CPs) for wholesale product from £85.29 to £84.38. Further price reductions were planned in later years.

Read more: Ofcom plans to force BT Openreach to charge lower prices for broadband

However, Openreach today said "as a gesture of goodwill" it will reduce its pricing to the Ofcom proposals, effective from 1 July. A spokesperson for Openreach added:

We believe this gives our customers certainty and avoids the need for a lengthy legal process.

The Ofcom consultation, or market review, will determine the price Openreach can charge CPs from 1 April 2018.

The spokesperson said: "We have voluntarily reduced the charge for our... product until new prices come into force through Ofcom’s market review."

Read more: BT boss: We can "hire and fire" Openreach board

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