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Scrap the Funds for Liabilities burden on telecoms companies

Comment 12th July 2010

At present Telecoms companies are required to lodge a bond or other financial instrument which would pay for their network to be ripped out or made safe in the event that they go bust and no one buys up the assets. This used to be a discretionary power for Oftel but it has now become compulsory for all network operators. It is costly and burdensome and has never been triggered so it is tying up cash which could better be used in rolling out next generation networks for the UK. 

Why does this matter?

NGA is agreed as being of great importance to the UK's competitive position. FFL is a needless piece of regulation which ties up money wich could be better used investing in network rollout.

It is complex, pointless and expensive.

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