Sky told to cut wholsesale prices by regulator Ofcom

[Supreme]

http://news.bbc.co.uk/1/hi/business/8596083.stm

Regulator Ofcom has told Sky it must cut the price it charges rival cable, terrestrial and internet broadcasters to show its premium sports channels.

The broadcaster will have to sell Sky Sports 1 and 2 for up to 23% less than the current wholesale price.

The decision - part of the result of a three-year inquiry - aims to offer viewers more choice of pay-TV services.

Sky said it would appeal against the "unwarranted intervention", arguing it would be to the detriment of consumers.

"This is a marketplace where customers are well served with high levels of choice and innovation," Sky said.

"Consumers will not benefit if regulators blunt incentives to invest and take risks."

I agree with Ofcom on this one. Sky is too powerful when compared to its rivals. And it's also too expensive for me in terms of sport:p

[aadil77]

sky is way too expensive, I just watch all the matches online