Ofcom confirms BT’s price caps

THE EUROPEAN Commission has given the green light to Ofcom’s proposed price caps for Openreach, BT’s wholesale broadband division.

Ofcom, which regulates BT Openreach due to its “significant market power”, will lower annual charges by five to 20 per cent, with further reductions each year until March 2014. BT said it disagrees with some assumptions and will consider appealing.