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BT Group to pay record £42m fine and £300m compensation

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Published Mon, Mar 27, 2017 · 09:50 PM

    London

    BT Group Plc was fined a record £42 million (S$74 million) and ordered to pay another £300 million to competitors after an investigation found the former phone monopoly failed to adequately reimburse them for service delays.

    The UK communications regulator Ofcom levied the fine for a "serious breach" of rules, according to a statement late Sunday. The fine dwarfed any previous Ofcom penalty and puts another black mark on the record of chief executive officer Gavin Patterson.

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