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BT problems on leased lines |
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Wednesday, 03 September 2008 00:00 |
UKCTA has learnt that BT has uncovered problems within its Regulatory Financial Statements relating to leased line circuits. These circuits are used by BT and its competitors to connect UK businesses. As a result of the problems BT has announced that it will delay the publication of the 2007/8 Regulatory Financial Statements (commonly known as BT's 'Regulatory Accounts'), whilst it revises the methodology which it has previously used for such products in prior Regulatory Accounts.
The timing of BT’s announcement is of particular concern; after years of questions it comes just at the time when Ofcom and the industry need to rely on the information the most.† With the announcement of BT’s plans to invest in next generation access, it is imperative that accurate financial information is available which will provide Ofcom and industry with confidence that those investments are appropriately regulated while providing BT with a fair rate of return
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