LONDON (Alliance News) - BT Group PLC and Virgin Media have written a letter to media and communications regulator Ofcom, arguing any attempt to open up high-speed broadband networks to rivals will result in higher prices and lower investment in the UK, the Financial Times reported on Monday.
The pair, in a letter seen by the FT and also signed by regional broadband company Kcom Group PLC, warned any regulatory changes to the business broadband market may lead to higher prices and "significant regulatory uncertainty, undermining the return on sunk investments and therefore disincentivising future infrastructure investments".
Some of BT's rivals have claimed it has unfairly used its ownership of the UK's fibre broadband network to impede their ability ot sell data capacity to big businesses and consumer broadband providers.
http://www.ft.com/cms/s/0/d03235aa-d6f6-11e4-93cb-00144feab7de.html?siteedition=uk#axzz3VqOZTt9j
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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