The UK’s telecommunications regulator Ofcom announced a new policy Thursday that takes aim at unexpected price-hikes faced by consumers stuck in a contract.
The policy, which will apply for wireless, landline or broadband services, rules that consumers can switch providers without penalty if a company unexpectedly boosts its costs. Further, companies will be required to warn customers one month before a price hike, during which the customer can choose whether it would like to continue with that provider’s service or switch to a competitor.
Existing contracts, however, are not covered by the new guidelines.
The policy is expected to boost competition between rivals in allowing consumers to more easily switch between providers.
Full Content: The Inquirer
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Hess Shareholders Approve $53 Billion Merger with Chevron
May 28, 2024 by
CPI
EU Regulators Engage with Telegram as App Nears Critical Usage Threshold
May 28, 2024 by
CPI
EEX Offers Remedies to Address EU Antitrust Concerns Over Nasdaq Deal
May 28, 2024 by
CPI
BRG Expands European Competition Practice with New Expert Team in Brussels
May 28, 2024 by
CPI
UK Law Empowers Regulators to Fine Big Tech Without Court Approval
May 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI