Ofcom sets out super-fast broadband investment plan
LONDON - Ofcom has outlined an investment framework for super-fast broadband networks and is encouraging industry leaders to join it to help implement the rollout across Britain.
Ed Richards, Ofcom chief executive, said at industry trade body Intellect's conference in London this morning: "Our position is clear. Ofcom favours a regulatory environment for the next generation of networks and access that both allows and encourages operators to make risky investments, to innovate for the benefit of consumers and, if the risks pay off, the benefit of their shareholders too."
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He said that if operators are going to make investments in new infrastructure that is more risky then they need to know that the regulatory framework will allow them to make and keep a rate of return that is "commensurate with the risks they are taking".
Richards said that operators need a "time horizon" that gives them a degree of assurance for a realistic period in the future.
Ofcom also revealed today that price comparison calculators Broadband Choices and Simplifydigital are the first to be awarded its Price Accreditation Scheme kitemark.
They both met its criteria to provide customers with information that is accessible, accurate, transparent, comprehensive and up to date.
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