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BT.A Bt Group Plc

105.10
1.55 (1.50%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bt Group Plc LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.55 1.50% 105.10 105.00 105.10 106.25 103.60 104.15 17,449,131 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phone Comm Ex Radiotelephone 20.92B 1.91B 0.1916 5.48 10.44B

UK Regulator Ofcom Outlines Proposals to Cut Cellphone Handset Charges on Contracts

26/09/2018 2:13pm

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By Adria Calatayud

 

The U.K.'s Office of Communications proposed on Wednesday to require cellular operators to move customers who pay for handsets and airtime within the same contract to cheaper deals at the end of the minimum period.

Ofcom, the country's telecommunications regulator, said it is concerned that around 1.5 million British consumers who bought a handset with a cellular contract continue to pay the same price after the end of their minimum contract period. This means that they are still paying installments toward a handset many have already paid off, the regulator said.

Ofcom said it is starting a consultation period on a proposal which would require providers to move customers to a different deal when their minimum contract-period ends, so they pay only for airtime.

The regulator is also consulting on a proposal to require providers to break down the cost of cellular packages, it said.

Ofcom said it will seek comments on its proposals until Nov. 7.

 

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

 

(END) Dow Jones Newswires

September 26, 2018 08:58 ET (12:58 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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