In move to "further stimulate competition in the UK broadband market" BT today announced that it will cut the price of broadband connections for local loop unbundling (LLU) firms.
The move means that LLU operators will benefit from a 40 per cent reduction in the price of connecting new broadband customers to BT's fully unbundled LLU offering.
BT promised in June that it would bring the price of LLU new connection charges in line with those for wholesale line rental.
From 15 December, the price for new connections on the fully unbundled product will be reduced from £168.38 (ex. VAT) to £99.95 (ex. VAT).
BT added that it will also be withdrawing the minimum-term rental charges for both its shared and fully unbundled products, giving LLU operators the opportunity to pass this benefit on to customers.
This latest move follows the 70 per cent reduction in total charges for shared LLU introduced by BT Wholesale in September 2004. The UK is now ranked third in Europe on price comparison for LLU, according to BT.
Steve Robertson, chief executive at Openreach, BT's recently formed 'independent' access unit, said that the price reductions are designed to create "additional certainty and confidence" for operators investing in LLU.
Electronics and computer chain the latest high street retailer to fall into difficulties
Incisive Media and Investec Asset Management supported fundraiser crosses Atlantic in 40 days
Alphabet's health sciences division Verily have been messing with AI algorithms
North Korea's cyber attack capabilities are expanding fast - and turning their fire on a wider range of targets