By Joe Hoppe

A U.K. regulator said Friday that it has opened a consultation to the public on a proposed fiber-to-the-premises pricing offer from telecommunications group BT Group PLC, though its provisional view is that it shouldn't take action at this time.

Ofcom said that Openreach, the infrastructure arm of the company, intends to introduce the new 10-year 'Equinox' pricing offer from Oct. 1. The fiber-to-premises offer connects homes and businesses to the internet with high-speed fiber-optic cables.

The consultation will run until Sept. 6, and Ofcom said that following its assessment of the offer and stakeholders' initial views, its provisional view is not to take action.

Under its wholesale fixed telecoms market review rules, Openreach must notify Ofcom of certain offers 90 days before they come into effect. The regulator said this is in order to prevent Openreach from harming competition, by restricting any offers that would stifle new network build by its partners.

Shares in BT at 0912 GMT were up 0.80 pence, or 0.5%, at 175.35 pence.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

August 06, 2021 05:47 ET (09:47 GMT)

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