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

Tue, Mar 28, 2017 - 5:50 AM

BT estimated the compensation it will have to pay at £300 million, though the amount may still change. The carrier will also pay a £300,000 penalty for failing to provide information to Ofcom.

PHOTO: AFP

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...

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