In the News
BT handed biggest ever fine from Ofcom
27th March 2017
An industry regulator bares their teeth! BT has been handed a record fine of £42m by regulator Ofcom and has agreed to pay industry rivals up yo £300m after it admitted to breaching rules by failing to compensate other operators over delays to installing Ethernet lines. A great example of competition policy in action.
BT to be fined £42 million by Ofcom for breaching contracts with telecoms providers https://t.co/ejsO5qhYil
— Ofcom (@Ofcom) March 26, 2017
Ofcom fines BT record £42m. It made £3bn profit last year. So it's like person on average pay being fined about £350 https://t.co/Tq0CEKua7q
— Paul Lewis (@paullewismoney) March 27, 2017
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
Amazon agrees e-book pricing deal with major publisher
21st October 2014
Growing Challenges Facing Privatised Royal Mail
17th October 2014
Tim Harford on Monopoly and Innovation
27th August 2014
Soap powder cartel leaves stain on colluders
13th April 2011
Competition & Monopoly Revision Quiz
Quizzes & Activities
Supply-Side Economics - Product Market Reforms
Study Notes
Payday lenders subject to an interest rate cap
17th November 2014
Introduction to Market Failure
Study Notes