BBC News reports that the European Commission has agreed to allow broadband regulations to lapse in the UK after a review of broadband wholesalers across the UK. According to the BBC the review showed that 64% of UK markets had competition strong enough to prevent any one retailer form dominating the market.
Don't Miss: See the first leaked Black Friday 2016 Ad
Ofcom says that its final decision to scrap the rules permanently would come later in 2008. When first instituted the regulations were to guard against former monopoly BT from cornering the market and to allow for new entrants into the market.
BT now faces four or more competitors in many parts of Britain who have installed their own equipment and telephone exchanges. "For many of these areas ex-ante regulation is no longer warranted", said Neelie Kroes, competition commissioner at the EC.
Buy Now: Sony PlaysStation VR In Stock Here
Via BBC News