Telephone and broadband customers could see cheaper bills in the future under plans proposed by the telecoms regulator to cut BT's wholesale pricing.
Currently, telecoms providers pay BT up to £93.27 per home to rent the copper wire lines that provide telephone services and internet to most of the UK's homes.
However, Ofcom is proposing revised "charge controls" that would reduce the wholesale cost to providers by up to 12% every year between 2014 and 2017, which the regulator says it expects will then lead to price reductions for consumers.
The price change proposals do not currently include BT's "superfast" fibre optic network, but Ofcom said these prices are currently under investigation.
"The proposed new prices are designed to provide incentives to invest in networks while also ensuring that broadband and landline prices are affordable for consumers," Ofcom said.
Compare Broadband packages with our partner consumer choices
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.