Full fibre provider ITS announces a series of 2023 price freezes and price reductions
Wholesale full fibre provider ITS Technology Group (ITS), has announced it will not introduce price increases to any existing contracts or new on-net sales this year. It will also honour all off-net inflight orders including those at quote stage, despite many of these services being subject to price hikes by its operator partners from 1st April.
To further support its partners in a challenging economic climate, in response to rising demand for 10G leased line services, ITS has also announced price reductions (up to 35%[1]) to FibreBright 1G to 5G bandwidths on 10G Bearers. Effective from 3rd April, this new pricing will be available on ITS’ Faster Britain Portal, applied to eligible FibreBright products on three and five year contract lengths.
Pete England, Head of Product Development at ITS said: “We want to do all that we can to mitigate the impact that continued high inflation, interest rate rises, and price increases are having on our partners’ businesses and those of their customers.
“Thanks to our strong financial position we are able to take the brunt of supplier increases this year, providing certainty for our partners around these tariffs to allow them to manage their costs. Many of our partners have already fed back to us how this pricing strategy is going to help them save the time, cost, and resource that would be needed to administer price increases in-contract. We will continue to do all that we can to support our partners in this way.
“Our mission remains firm, to make it uncomplicated and straightforward for our partners to sell full fibre connectivity and more value-add ‘over the top’ services as ultrafast becomes the new norm. Accessed through our automated self-service Faster Britain portal and API plug-in, an online business connectivity comparison marketplace, partners can search service availability and options by postcode area, quote, and order to customer requirements. Each service option, whether provided via our own Faster Britain full fibre networks, or off-net through our trusted operator relationships, are quoted with an indicative lead-time, and all pricing is updated in real time, including off-net services. This is to help our partners manage end-user expectations, and their own operations and supply chains.”
[1] Up to 37% off FibreBright on a 10G bearer depending on the bandwidth, contract term, and whether a Layer 2 or 3 service. 37% reduction illustration applies to Layer 2 4G on a 5 year term.
