High Court tariff ruling priced in by the market

A High Court ruling forcing UK mobile network providers to lower their tariffs will increase competition within the sector. In January, Oftel, the UK Government's office of telecommunications, published the findings of an inquiry conducted by the Competition Commission into call charges to mobile networks. The research concluded mobile operators had been significantly over-charging consumers for connecting calls to their networks. The commission recommended a one-off cut to be implemented by 24 July 2003, and three further annual reductions. Oftel modified the mobile operators' lic...