BT and Virgin Media have written a joint letter to Ofcom asking the regulator to abandon plans to open up high-speed broadband networks to rivals.
The Financial Times reports that the two parties argued any attempt to allow smaller rivals to access networks would decrease investment and raise prices for consumers, claiming that the “significant regulatory uncertainty” would “undermin(e) the return on sunk investments and therefore disincentivis(e) future infrastructure investments.”
The unlikely pair claimed to be “very concerned” by calls for regulation, adding that “allowing multiple operators to tamper with the physical network will cause service faults for customers”.
The letter implored Ofcom not to abandon its current approach, arguing that “effective and growing competition in retail business connectivity markets, where there is little remaining regulation required.”
Full Content: The Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Business Secretary Calls for More Agile Competition Regulator
Feb 13, 2025 by
CPI
Germany’s Antitrust Regulator Raises Concerns Over Apple’s App Tracking Policies
Feb 13, 2025 by
CPI
$60 Billion Nissan-Honda Merger Falls Apart
Feb 13, 2025 by
CPI
DOJ Moves to End Protections for Three Regulatory Agencies
Feb 13, 2025 by
CPI
Meta to Allow Rivals to List Ads on Facebook Marketplace Following EU Fine
Feb 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon