Major BT breakthrough could lead to cheaper broadband prices for YOU

When BT-owned Openreach first floated plans to slash wholesale prices back in July, some rival broadband suppliers raised concerns. Alternative network builders, which operate outside of Openreach, such as Virgin Media, were among those who raised concerns after having collectively spent billions on their own rival FTTP networks, ISPreview reported.

These telecommunication firms fear the Openreach price cut, which is known as the Equinox offer, could ultimately lead to less competition within fibre infrastructure. However, despite these concerns, regulator Ofcom this week confirmed “no action” will be taken against the price cut.

In a statement, the regulatory body said: “Our view is that we should take no action at this time. In reaching our view, we have considered the impact on competition. For the reasons set out above, we do not consider that the Equinox Offer will have a material adverse impact on competition. We have also considered the impact on different stakeholders.”