By Jonathan Davies

BT's broadband prices is under fresh scrutiny as Ofcom says it wants to cut the price BT charges for leased lines.

It could mean a significant price cut for customers, including businesses, schools and universities. An Ofcom review criticsed the "monopoly" BT holds on a "significant" market.

"These are proposals for discussion, so we'll be making our views known to Ofcom. We don't expect a final decision for some time," BT said in a statement.

"We believe there should be less regulation in this market, not more, as businesses already have diverse and growing choice amongst a large number of providers."

BT said investment in infrastructure could be cut and some market experts have suggested that the telecoms giant would look to maintain profits elsewhere.