BT Drops Inflation-Linked Price Hikes Amid Threats from Ofcom
BT, a major telecom provider, is changing its policy on mid-contract price increases tied to inflation, following warnings from Ofcom, the telecoms regulator.
Previously, BT and others informed customers about rising costs based on inflation plus a fixed percentage.
Ofcom deemed this confusing and called for transparent pricing in “pounds and pence.” BT plans to implement this change from the summer of 2024, specifying that mobile bills will increase by at least £1.50, while broadband costs will go up by £3.
BT’s decision comes ahead of Ofcom’s final ruling on banning this practice. The move is seen as a preemptive response to potential regulatory changes.
Industry experts suggest that other telecom operators might follow suit.
This information is sourced from BBC.
https://www.bbc.com/news/technology-67994514