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Seven Days: 10 January 2020

Seven Days: 10 January 2020

Ofcom consultation

“Supercharge” investment

Ofcom has released its ‘Wholesale Fixed Telecoms Market Review 2021-26’, outlining plans for the regulation of BT (BT.A). The telecoms regulator seeks to “supercharge” investment in fibre broadband. Among its proposals, Ofcom will set wholesale prices for BT’s Openreach arm to encourage competition from new networks as well as investment by Openreach. It also plans to support investment by Openreach in rural areas. BT chief executive Philip Jansen said: “We welcome the direction of today’s consultation from Ofcom.” The group will continue discussions with government, Ofcom and the industry. BT’s shares rose 3 per cent.

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