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BT Group could have more freedom to set prices for its corporate customers after Ofcom, the UK communications regulator, published a proposal to lessen regulation on the telecoms group.

Under the proposed changes, which were flagged in February, BT could offer “bespoke” pricing for customers who spend more than £1m ($1.8m) per year.

The telecoms group would no longer have to publish prices it charges large corporate customers, allowing it to more aggressively seek large business customers.

A BT spokesman welcomed the changes, saying: “If this materialises into real action, it will be good for everyone.”

The plan is part of a series of changes announced to the telecoms regulatory regime aimed at improving competition, particularly for companies that compete with BT but require access to its telephone exchanges and “last mile” of copper wire into customers’ premises.

Interested parties will have until September 30 to comment on the proposal.

Ofcom also on Wednesday announced a proposed price ceiling that BT can charge competitors for access to the unbundled local loop (ULL), as part of its review of BT’s regulation that was initially reported in July. Ofcom proposed a maximum price of £81.85 a year, and will consult on the proposal until October 10. BT in August voluntarily reduced its ULL pricing from £105.09 to £80 a year.

BT said the ULL changes would have no material effect on its finances. The shares were trading up 1.9 per cent at 221¾p in early afternoon trade.

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