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United Kingdom

BT Group PLC (BT.L)

BT.L on London Stock Exchange

275.35GBp
18 Dec 2017
Change (% chg)

-2.20 (-0.79%)
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277.55
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Volume
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Latest Key Developments (Source: Significant Developments)

UK's Ofwat Announces Appointment Of Rachel Fletcher As Its New Chief Executive
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - UK'S OFWAT ::OFWAT ANNOUNCES APPOINTMENT OF NEW CHIEF EXECUTIVE.ANNOUNCED APPOINTMENT OF RACHEL FLETCHER AS ITS NEW CHIEF EXECUTIVE​.‍RACHEL'S APPOINTMENT FOLLOWS DEPARTURE OF CATHRYN ROSS, WHO IS LEAVING TO TAKE UP AN EXECUTIVE POSITON AT BT​.  Full Article

Ofcom Publishes Its Final Statement On Narrowband Market Review
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Office of Communications:OFCOM- HAS TODAY PUBLISHED ITS FINAL STATEMENT ON NARROWBAND MARKET REVIEW.OFCOM - OUR FINAL DECISIONS MEAN THAT WHERE COMPETITION IS NOT WORKING EFFECTIVELY, REGULATION WILL APPLY FOR PERIOD 1 DECEMBER 2017 TO 31 MARCH 2021.UK'S OFCOM - DECIDED TO REGULATE BT AND (IN THE HULL AREA) KCOM IN 3 WHOLESALE ACCESS MARKETS: WHOLESALE ANALOGUE FIXED TELEPHONE LINES,.UK'S OFCOM - ALSO DECIDED TO REGULATE TWO MARKETS THAT ENABLE THE DELIVERY OF DIGITAL TELEPHONE SERVICES TO BUSINESSES.  Full Article

UK's Ofcom says broadband and landline customers to get compensated without claiming
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Office of Communications:OFCOM- ‍BROADBAND AND LANDLINE CUSTOMERS WILL GET MONEY BACK FROM THEIR PROVIDERS WHEN THINGS GO WRONG, WITHOUT HAVING TO CLAIM IT.OFCOM- ‍CUSTOMERS SET FOR £142M IN PAYOUTS - AROUND NINE TIMES CURRENT LEVEL​.OFCOM-‍AS A RESULT OF OFCOM'S INTERVENTION, BT, SKY, TALKTALK, VIRGIN MEDIA AND ZEN INTERNET HAVE AGREED TO INTRODUCE AUTOMATIC COMPENSATION​.  Full Article

UK's Ofcom says ‍charges cut for up to a mln BT landline-only customers​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - UK's Ofcom::‍CHARGES CUT FOR UP TO A MILLION BT LANDLINE-ONLY CUSTOMERS​.‍BT CUSTOMERS WHO BUY ONLY A LANDLINE TELEPHONE SERVICE WILL SEE THEIR MONTHLY BILLS SLASHED BY £7 PER MONTH​.‍EXPECT BT'S £7 PRICE CUT TO MEAN OTHER PROVIDERS CAN FOLLOW SUIT​.  Full Article

UK's Ofcom issues notification to Plusnet regarding service charges
Tuesday, 14 Feb 2017 

UK's Office of Communications: Ofcom has now, following investigation, determined that there are reasonable grounds for believing that Plusnet contravened GC11.1 of the general conditions . Ofcom notified Plusnet under section 96A of the Communications Act 2003 for period between May 26 2011 and Sept. 3 2015 in respect of the contravention .Reasonable grounds to believe that Plusnet contravened GC 11.1 by overcharging customers in time period.  Full Article

UK's Ofcom provisionally finds BT overcharged Sky
Monday, 26 Sep 2016 

UK's Ofcom : Published provisional conclusions on dispute between BT and Sky regarding TRC and SFI charges . Part of scope of Sky dispute directly overlaps with TalkTalk’s dispute with BT . "We provisionally conclude that BT has not demonstrated" that TRC, SFI charges were compliant with applicable cost orientation conditions . "We provisionally conclude that certain of BT’s TRC and SFI charges exceeded DSAC during the relevant period." . Provisionally conclude that BT should be required to repay Sky repayment amount with interest at BOE+1% . "We consider that responses made in relation to the Sky dispute may be relevant to the issues raised in this dispute" . Considers appropriate not to issue final determination of TalkTalk dispute until considering implications of any responses to Sky dispute . "We provisionally conclude" it appropriate, proportionate to direct bt to make repayments. . "We provisionally agree with Sky that repayment of BT’s overcharge for TRCS and SFIS during the relevant period would be appropriate" .Propose to leave it to parties to agree exact level of repayment due, based on our calculations of the difference between price and DSAC.  Full Article

Telecoms CEOs react to Ofcom's Openreach proposal
Tuesday, 26 Jul 2016 

Ceos react to Ofcom proposal: Sky ceo says Openreach proposal is a step in the right direction, falls short of the option that would guarantee world-class coverage . Sky ceo says we are encouraged by Ofcom’s stated commitment and willingness to use its powers to hold BT’s feet to the fire . TalkTalk ceo says Ofcom proposal for openreach a step in the right direction - BBC radio . TalkTalk ceo says concerned that BT will still be able to game the new regulatory system . TalkTalk Ceo says want to see how much profit the openreach division is making . BT ceo says Ofcom proposal is a sensible way forward - BBC Radio . BT ceo says should not necessarily have restrictions on how the Openreach dividend is paid Further company coverage: [SKYB.L] (London newsroom) ((uk.online@reuters.com; 0207 542 7717;)).  Full Article

UK's CMA says BT, TalkTalk to pay CMA’s costs related to appeal
Wednesday, 20 Jul 2016 

UK's CMA (Competition and Markets Authority): UK's CMA says TalkTalk shall pay CMA’s costs in relation to TalkTalk appeal in the sum of 112,333 stg .UK's CMA says BT shall pay CMA’s costs in relation to BT appeal in the sum of 572,897 stg.  Full Article

S&P - U.K.-based telecom BT Group rating raised to 'BBB+'; 'A-2' short-term rating affirmed; outlook stable
Tuesday, 5 Jul 2016 

: U.K.-based telecom BT Group rating raised to 'BBB+'; 'A-2' short-term rating affirmed; outlook stable . S&P On Bt Group - Successful acquisition of mobile operator EE Ltd. Significantly strengthens its business risk profile . S&P On Bt Group - Anticipate steadily robust operating performance and consistently strong FOCF after pension recovery contributions Source - http://bit.ly/29nTbVf (Bengaluru Newsroom; +1 646 223 8780).  Full Article

BT Group revises financials after internal reorganisation
Wednesday, 29 Jun 2016 

BT Group Plc : BT revises financials for internal reorganisation . Combines EE's business division, parts of BT Global Services' UK corporate and public sector operations with BT business, to form business and public sector . Taken steps to simplify internal trading model, including moving to a cost-recovery model for certain intra-group revenues .Restated FY 2015/2016 revenue 18.91 billion stg.  Full Article

PRESS DIGEST- Financial Times - Dec 18

Dec 18 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.