BT takes heavy financial hit over historical Openreach breaches

UK telecoms regulator Ofcom has found BT guilty of a ‘serious breach’ of its rules regarding compensation payments for late installations to Openreach customers.
As a result Ofcom has hit BT with a record £42 million fine, reduced from £60 million due to BT’s acceptance of full liability and its agreement to make up the difference in compensation owed to those customers, which could amount to £300 million, according to BT’s estimates of how the subsequen