In the News
BT handed biggest ever fine from Ofcom
27th March 2017
An industry regulator bares their teeth! BT has been handed a record fine of £42m by regulator Ofcom and has agreed to pay industry rivals up yo £300m after it admitted to breaching rules by failing to compensate other operators over delays to installing Ethernet lines. A great example of competition policy in action.
BT to be fined £42 million by Ofcom for breaching contracts with telecoms providers https://t.co/ejsO5qhYil
— Ofcom (@Ofcom) March 26, 2017
Ofcom fines BT record £42m. It made £3bn profit last year. So it's like person on average pay being fined about £350 https://t.co/Tq0CEKua7q
— Paul Lewis (@paullewismoney) March 27, 2017
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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