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.
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
Apprenticeships: Lower standards risk safety
Keeping it reel: Creating video in an authenticity era
Budget: Creating a more vibrant market economy
Celebrating excellence and community support
The value of nurturing homegrown innovation
A dynamic, fair and innovative economy
Navigating the property investment market
Have stock markets peaked? Tune out the noise
Will the Employment Rights Bill cost too much?
A game-changing move for digital-first innovators
Confidence the missing ingredient for growth
Global event supercharges North East screen sector