Some of Britain's biggest telecoms groups are posed to deliver a collective warning that an independent Scotland would dramatically inflate their costs, raising the spectre of across-the-board price rises for consumers north of the border.
Sky News has learnt that BT, EE, O2, TalkTalk and Vodafone are in talks about a joint statement that would refer to "the inevitability of cost increases" for operators as a consequence of uncertainties over regulation and the currency that Scotland would use. The letter is understood to be being co-ordinated by the CBI, whose president, Sir Mike Rake, is also chairman of BT Group. A source said that John Cridland, the CBI director-general, was involved in the talks.
Senior telecoms industry sources confirmed the discussions and said that a statement could be issued as soon as Friday afternoon if agreement could be reached on the wording.
INC News, 12/09/2014-via Skynews
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