Ofcom to Cut Charges for Up to 1 Million BT Landline-only Customers

By Adria Calatayud Features Dow Jones Newswires

The U.K.'s broadcast regulator Ofcom said Thursday that it is to cut BT Group PLC's (BT.A.LN) charges for up to one million landline-only customers following a review.

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The regulator said BT agreed to cut bills by seven pounds ($9.24) per month from April 2018, reducing charges by 37% from GBP18.99 to GBP11.99. Ofcom added that it has been concerned that telephone line rental prices have risen, despite wholesale costs falling.

Ofcom also said that two-thirds of the U.K.'s 1.5 million landline-only customers are with BT; 800,000 of them will be automatically protected by the charge reduction while a further 200,000 may also be eligible.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

October 26, 2017 02:41 ET (06:41 GMT)