BT criticised over its accounting for network costs

BT criticised over its accounting for network costs

Network rivals hit out at BT over its allocation of costs

RIVALS have criticised BT over its accounting, which they claim has been used to push costs into the industry.

Details of BT’s accounting were passed by it to Ofcom as part of a regular review of how the network operator charges for use of the grid.

TalkTalk said it was “shocked” at BT’s reallocation of costs, which saw tens of millions of pounds added into the running of the network, reported the Telegraph. This included £21m to cover compensation claims from telephone engineers who were deafened by 1980s line-testing equipment.

The cost of each consumer line has subsequently risen £7.31, to £109.88.

Both TalkTalk and BskyB have questioned the bill. BT has said it had always been “transparent” about its cost calculations.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource