Will there be a mobile price cap? Expert believes it could be introduced
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.
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, 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.