BT shares rose 5%, as a review of broadband pricing wasn’t as harsh as expected
BT shares rose 5 per cent after a crackdown on broadband pricing was not as harsh as expected.
The company said measures announced by Ofcom, the telecoms watchdog, would cost it between £80million and £120million in the 2018-19 financial year.
Ofcom said it would limit the amount Openreach, BT’s cables arm, can charge other firms per month to use its network to £11.92, a climb down from an earlier proposal of £11.23.
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