Centrica, the supplier of energy household communication, on Wednesday agreed to purchase the Glaswegian Iomar for £2 million. The company has pledged to reduce the price of broadband Internet access and increase uptake to fall in line with the rest of Europe and the US.
UK telecom operators pay a high price to use BT’s copper lines to turn them into high-speed pipelines. Slow uptake of broadband in the UK is most likely due to inflated prices which are blamed on BT.
Broadband Internet access costs around £40 at present and Centrica aims to reduce this to under £30. Unmetered access is available for under £13 per month but these household modem connections are around 10 times slower than broadband.
Centrica’s head of communication, Ian El-Mokadem said the company, as yet has no plans to expand upon the existing product range and is unsure how price reductions will be achieved.