The Finnish Communications Regulatory Authority (FICORA) has unveiled proposals under which certain telecoms providers must reduce wholesale broadband prices by between 28% and 80%. In a press release regarding its plans to nurture sector competition, the watchdog confirmed it will impose price caps on the fibre local loops provided by Elisa, Telia Finland and DNA Finland, while also revealing that it plans to streamline the regulation related to copper-based wholesale connectivity. Its decisions, it noted, are expected to come into effect in three months.
The FICORA said that, having analysed the Finnish broadband market, it has made significant market power (SMP) decisions relating to a total of 21 service providers which will now be required to provide regulated wholesale broadband products to other telecoms providers on a non-discriminatory and transparent basis. Meanwhile, it has called for the imposition of a three-year price cap on the wholesale fibre services of DNA, Elisa and Telia, which together are said to account for almost 90% of the local loop market. With regards to the price caps, FICORA director general Kirsi Karlamaa was cited as saying: ‘Targeting the fibre prices of these operators with ex ante regulation benefits the market and society the most.’