News Burst: Oftel to change its spots

Telecoms watchdog Oftel is due for the biggest shakeup in its 15 year history in an attempt to hasten the deregulation of telecommunications market, it emerged Monday.

Oftel has long been criticised for its slow reaction to government, industry and consumer calls for cheaper Internet access in the UK. Under new plans, Oftel will relax regulation in some areas, although it will continue to review BT's pricings.

Full story to follow