Will there be a mobile price cap next?
Telecoms expert believes one could be introduced due to rising phone bills and increased usage.
A telecoms expert believes a mobile price cap could be introduced.
Martina Klingvall Holmström said it could be good for the industry.
A cap could mean either a minimum or maximum put on contract phones
Telness Tech The Telecoms Renaissance report are featured in thisismoney.co.uk
There could be a mobile price cap put into place in the future, a telecom expert believes, due to the rising cost of phone contracts.
The article covers:
What would a cap entail?
Why is a cap needed?
How realistic is the idea of a cap?
How would this affect the market?
What is in place to help customers manage bills?
Price is the most important factor for consumers when choosing a provider, according to research from Telness Technologies, a cloud technology company, which is why a cap could potentially be implemented.
Martina Klingvall Holmström, co-founder of Telness Technologies, believes a cap - similar to the energy price cap introduced by the Government - could be good for the industry.
She said: 'A cap is pretty likely to happen, and I think it could be good for the market. We need differentiation in the industry and a cap will enhance the market meaning operators can offer customers different things and give consumers more choice.'