That is the conclusion of the Netherlands Authority for Consumers & Markets (ACM).
KPN and Glaspoort, a joint venture between KPN and pension investor APG that mainly realizes fiber optic connections in rural areas, promised to lower the rates at the beginning of April. As far as they are concerned, these will decrease by 10 to 30 percent for the next eight years.
In 2020, ACM started an investigation into whether regulation of the fixed networks in the Netherlands is necessary. The watchdog concluded that KPN and Glaspoort may face competition problems.
Both KPN and Glaspoort came up with proposals for lower rates. Other conditions are also being improved for internet providers without their own fiber optic network.
According to ACM, the commitments could have a significant effect on the market for fixed internet access. This leads to more competition on price and speed, making it more attractive for households to opt for faster internet.