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<p>The regulation of wholesale prices in the fixed telecoms market is a matter for
Ofcom, the independent regulator. Through our Statement of Strategic Priorities we
have instructed Ofcom to regulate in a way that encourages both competition and investment
in telecoms infrastructure. Following this guidance, Ofcom developed its Wholesale
Fixed Telecoms Market Review (WFTMR) which allows Openreach prices to increase in
line with inflation.</p><p>Thanks to this approach, there is now a thriving market
of over 80 providers investing £35bn rolling out gigabit broadband all over the UK.
Today, nearly 73% of premises can access gigabit-capable networks, up from just one
in ten in November 2019.</p>
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