The Channel Islands Competition and Regulatory Authorities has ordered the company to reduce charges by the Retail Price Index – the main measure of inflation – plus a further 6.5 per cent for years one and two.
Under the terms of the notice the third-year reduction would be by the RPI amount alone.
However, following the announcement JT issued a strongly-worded response saying the price control was ‘extreme’ and that the competition watchdog had failed to take into account ‘vital’ elements of the Island’s land line market.
Read more in Thursday’s JEP.
