Communications enforcer Ofcom is asking BT's Openreach division to cut the wholesale prices it charges competitors for superfast connections, which could, if they decide not to keep the savings for themselves, lead to cheaper superfast connections for those using ISPs that rely on reselling BT's service.
The changes are coming as part of a review of the ISP wholesale market that has the aim of increasing competition in the fibre network part of internet land, with the superfast connections that max out at up to 40 Mbps seeing their prices cut.
It should eventually result in quite a hefty discount too, as the cap will reduce the wholesale price of a 40-up/10-down connection from £88.80 per year to £52.77 by the end of 2021.
Ofcom's Jonathan Oxley said: "Our plans are designed to encourage long-term investment in future ultrafast, full-fibre networks, while promoting competition and protecting consumers from high prices. People need reliable phone and broadband services more than ever. We’re making sure the market is delivering the best possible services for homes and business across the UK." [Ofcom via Guardian]