Virgin Media and EE fined over £13m for leaving customers 'out of pocket'
Virgin Media and EE have both been fined £13.3m due to overcharging their customers who wished to terminate their contracts early.
The companies have been fined by the watchdog regulator, Ofcom, which stated that they had left customers ‘in need of cash’ due to such early-exit charges.
Ofcom has said that around 400,000 EE customers were affected, and those who ended their contracts had been overcharged by up to £4.3m.
In terms of Virgin Media, around 82,000 of its customers were overcharged by supposedly just under £2.8m.
More follows.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business
What next when social media career help goes?
The psychological contract that nobody signs
Time for strategy built on the foundational economy
Why being ‘work-ready’ matters more than ever
The North's future doesn't end at Manchester
Exit or legacy? Why every owner needs a plan
Who speaks up for SMEs when giants get bigger?
The true value of HR in an AI-driven working world
What new business rates guidance means for pubs