ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

TALK Talktalk Telecom Group Plc

96.90
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Talktalk Telecom Group Plc LSE:TALK London Ordinary Share GB00B4YCDF59 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 96.90 96.90 96.95 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ofcom Proposes Automatic Compensation for UK Telecoms Customers

24/03/2017 8:14am

Dow Jones News


Talktalk Telecom (LSE:TALK)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Talktalk Telecom Charts.

LONDON-- The U.K.'s communications regulator Friday said it is proposing forcing telecommunications companies to pay automatic compensation to customers affected by poor service such as slow repairs and missed appointments.

Ofcom Friday said the plans would mean up to 2.6 million additional landline and broadband customers could receive up to 185 million ($231.2 million) in new compensation payments each year.

The proposals apply to fixed broadband and landline telephone services only, Ofcom said.

Ofcom said that a proposal BT Group PLC (BT.A.LN), Sky PLC (SKY.LN) and Virgin Media put forward in response to its plans to introduce automatic compensation through a draft voluntary industry code of practice does not sufficiently meet its concerns.

A consultation on Ofcom's proposals will be open until June 5, and Ofcom will publish its decision statement around the end of the year, it said.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

March 24, 2017 03:59 ET (07:59 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

1 Year Talktalk Telecom Chart

1 Year Talktalk Telecom Chart

1 Month Talktalk Telecom Chart

1 Month Talktalk Telecom Chart

Your Recent History

Delayed Upgrade Clock