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Ofcom clips BT's wings as it proposes tough regulations for high-speed data

The telecoms giant BT faces having to cut prices for high-speed data services in the £2bn-a-year wholesale "leased lines" market under new rules from the regulator, Ofcom. Businesses, mobile operators and broadband providers lease capacity on BT's lines so that they can transfer data. Ofcom said the new rules will reduce the price of newer broadband technology. The savings will be worth 11 per cent below inflation per year over the next three years.