Stock Markets July 28, 2026 04:36 AM

Ofcom Proposes Withdrawal of Openreach Fiber Discount Scheme Over Pricing Concerns

Regulator cites fair-pricing standards and conditional terms in Telecoms Access Review 2026-31 as basis for consultation

By Avery Klein
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Ofcom has opened a consultation proposing that Openreach remove its Incremental New to Openreach Offer, a discount programme for ISPs that reward additions of new full-fiber customers. The move follows concerns about pricing and compliance with criteria set out in the Telecoms Access Review 2026-31. Citi analysts anticipate Openreach may re-submit a revised, lower-discount version of the offer.

Ofcom Proposes Withdrawal of Openreach Fiber Discount Scheme Over Pricing Concerns
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Key Points

  • Ofcom has launched a consultation proposing that Openreach withdraw its Incremental New to Openreach Offer introduced in June.
  • The offer provides ISPs with monthly discounts up to A39.50 per new full-fiber customer for up to 30 months, applicable only where sign-ups exceed an ISP's typical volumes.
  • Ofcom's assessment uses three Telecoms Access Review 2026-31 criteria: conditional terms, discriminatory geographic discounts, and fair pricing standards; Citi analysts expect Openreach may re-submit a reduced-discount version.

Ofcom has launched a consultation proposing that Openreach withdraw its recently launched fiber discount scheme amid pricing concerns. The regulator said the proposal targets the Incremental New to Openreach Offer, which Openreach introduced in June and which gives internet service providers monthly payments tied to adding new full-fiber subscribers.

Under the contested program, ISPs receive discounts only for new customers that push sign-ups above their normal or typical volumes. The payment structure provides monthly discounts that can reach up to A39.50 per qualifying customer, and the payments may continue for a period of up to 30 months for each eligible addition.

Ofcom framed its proposed intervention on the principle of ensuring fair and reasonable pricing. In evaluating commercial offers, the regulator said it applies three criteria set out in its Telecoms Access Review 2026-31. Those criteria focus on:

  • conditional terms, including volume and service requirements;
  • any discriminatory geographic discounts; and
  • standards for fair pricing.

The consultation seeks views on whether the Incremental New to Openreach Offer meets those tests and whether a withdrawal direction is an appropriate remedy. Ofcoms intervention is aimed specifically at the structure and pricing of the commercial offer rather than broader network deployment matters.

Market commentators have offered a possible near-term outcome. Citi analysts told clients they expect Openreach could return with a modified version of the incentive, one which features reduced discount levels compared with the current iteration.

The consultation process announced by Ofcom marks a formal step in assessing the compliance of Openreachs commercial incentives with the regulators access framework. The outcome remains dependent on the consultation responses and any subsequent decision by Ofcom.


Summary

Ofcom is consulting on directing Openreach to withdraw its Incremental New to Openreach Offer, citing fair-pricing concerns and assessment against the Telecoms Access Review 2026-31 criteria. The programme provides monthly discounts of up to A39.50 per new full-fiber customer for up to 30 months, limited to customers exceeding an ISPs typical sign-up volumes. Citi analysts expect a potential revised offer with lower discounts.

Risks

  • Regulatory uncertainty - the consultation could lead to withdrawal of the existing offer, affecting commercial terms available to ISPs and their unit economics (impacts telecoms and broadband sectors).
  • Price adjustment risk - Openreach may replace the current scheme with a version that offers lower discounts, potentially altering incentives for ISPs to recruit new full-fiber customers (impacts ISPs and network operators).
  • Geographic discrimination and conditionality concerns - if the offer is found inconsistent with Ofcom's criteria, further regulatory scrutiny of similar commercial incentives could follow (impacts regional broadband deployment incentives and market competition).

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