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BT Fears Ofcoms Investment Torpedo

Posted: 09th Nov, 2004 By: MarkJ
BT's boss, Ben Verwaayen, has spoken of the potential damage that could be done to broadband investment if Ofcom's telecoms review didn't come out the way they hoped:

Addressing business leaders at the CBI (Confederation of British Industry) conference in Birmingham, he warned that investment would be hit if regulator Ofcom did not enable sufficient reward from such investment when it publishes its review later this month.

"At this moment Ofcom is the most powerful and significant organisation in the UK, as we wait for the next phase of the Telecommunications Strategic Review. What it decides will be profound for your businesses and organisations. If it gets it right, we will see investment in this area accelerated. Get it wrong – even if unintentionally – and the impact will be clear to see in a year or so’s time, with investment cut back and the UK missing out on a leadership position.

"BT has a shared responsibility of course in getting the right outcome from the Review. It is a great challenge and responsibility for both of us. But in a world defined by comparative failure and success, we must have an environment for investment on a big as well as a small scale.
"


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