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United Kingdom

BT Group PLC (BT.N)

BT.N on New York Stock Exchange

9.83USD
20 Aug 2019
Change (% chg)

$-0.34 (-3.34%)
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$10.17
Open
$9.99
Day's High
$9.99
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$9.80
Volume
566,130
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273,447
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$17.32
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$9.80

Latest Key Developments (Source: Significant Developments)

BT To Sell Global Headquarters For 209.6 Mln Stg
Wednesday, 17 Jul 2019 

July 17 (Reuters) - BT Group PLC ::BT SELLS LONDON HQ.PROPOSED DEAL FOR £209.55 MILLION.SALE OF 300,000 SQ FT OFFICE BUILDING IS PART OF BT'S PREVIOUSLY ANNOUNCED WIDE-RANGING BUSINESS TRANSFORMATION PROGRAMME.DEAL INCLUDES AN INITIAL LEASEBACK AGREEMENT OF 30 MONTHS DURING WHICH TIME BT WILL MOVE ITS HEADQUARTERS TO A NEW LONDON LOCATION.EXPECTS TO ANNOUNCE DETAILS OF ITS NEW HEADQUARTERS SHORTLY.AGREED SALE OF GLOBAL HEADQUARTERS, BT CENTRE, TO ORION EUROPEAN REAL ESTATE FUND V, MANAGED BY ORION CAPITAL MANAGERS.  Full Article

BT Expects IFRS 16 To Have A Positive Impact On 2019/20 EBITDA Of About 0.7 Bln Stg
Wednesday, 3 Jul 2019 

July 3 (Reuters) - BT Group PLC ::BT ANNOUNCES IFRS 16 19/20 OUTLOOK & OTHER CHANGES.BT EXPECTS IFRS 16 TO HAVE A POSITIVE IMPACT ON 2019/20 EBITDA OF C.£0.7BN, WITH NO IMPACT ON REVENUE OR CASH FLOW.BT DOES NOT EXPECT ADOPTION OF IFRS16 TO IMPACT ITS CREDIT RATING.  Full Article

BT Group To Launch 5G This Autumn
Tuesday, 2 Jul 2019 

July 2 (Reuters) - BT Group PLC ::BT WILL LAUNCH 5G THIS AUTUMN FOR BT AND BT BUSINESS CUSTOMERS.BT'S 5G SERVICE WILL BE AVAILABLE IN 16 UK CITIES BY END OF YEAR.5G FROM BT MOBILE WILL USE EE 5G NETWORK, WHICH LAUNCHED IN MAY IN SIX CITIES.  Full Article

BT Group To Consolidate Over 300 UK Office Locations To Around 30
Wednesday, 5 Jun 2019 

June 5 (Reuters) - BT Group PLC ::BT GROUP PLC - MORE THAN 300 BT OFFICE LOCATIONS ACROSS UK WILL BE CONSOLIDATED TO AROUND 30.BT GROUP PLC - BT’S WORKPLACE IMPROVEMENT AND CONSOLIDATION PROGRAMME IS EXPECTED TO COMPLETE BY 2023.BT GROUP - BELFAST, BIRMINGHAM, BRISTOL, CARDIFF, EDINBURGH, IPSWICH (ADASTRAL PARK), LONDON AND MANCHESTER TO BE KEY LOCATIONS FOR THE GROUP.  Full Article

OFCOM Plans To Promote Competition & Investment For Superfast Networks
Friday, 29 Mar 2019 

March 29 (Reuters) - BT Group PLC ::OFCOM'S PLANS TO PROMOTE COMPETITION & INVESTMENT.UK'S OFCOM - SET OUT HOW REGULATION COULD EVOLVE TO SUPPORT COMPETITION & FURTHER INVESTMENT FROM NEW ALTERNATIVE NETWORKS, OPENREACH & VIRGIN MEDIA.UK'S OFCOM- TO SUPPORT NETWORK COMPETITION, INVESTMENT IN MORE URBAN AREAS, PROPOSE SETTING REGULATED PRICES ONLY FOR ENTRY-LEVEL SUPERFAST SERVICES.UK'S OFCOM - PROPOSE TAKING DIFFERENT REGULATORY APPROACHES IN DIFFERENT PARTS OF COUNTRY, DEPENDING ON INTENSITY OF NETWORK COMPETITION.UK'S OFCOM- PROPOSE ALLOWING OPERATORS INCLUDING OPENREACH FREEDOM TO SET PRICES FOR HIGHER SPEED, HIGHER-QUALITY FIBRE-BASED SERVICES.OFCOM- PROPOSE MAINTAINING STABLE PRICES FOR OPENREACH'S ENTRY-LEVEL SUPERFAST BROADBAND, HIGH-CAPACITY LEASED LINES BASED ON COSTS FOR NEW ENTRANTS.  Full Article

Ofcom Sets Annual Licence Fees For Mobile Operators For 900, 1800 MHz Spectrum
Monday, 17 Dec 2018 

Dec 17 (Reuters) - UK's Ofcom::SET ANNUAL LICENCE FEES THAT MOBILE OPERATORS WILL PAY FOR 900 AND 1800 MHZ SPECTRUM, FROM 31 JANUARY 2019.CONSULTING ON LEVEL OF ANNUAL LICENCE FEES THAT SHOULD APPLY FOR 40 MHZ OF SPECTRUM IN 3.4 GHZ BAND, AND 80 MHZ IN 3.6 GHZ BAND.ANNUAL LICENCE FEES WILL BE £1.093M PER MHZ OF 900 MHZ SPECTRUM & £0.805M PER MHZ OF 1800 MHZ SPECTRUM.CONSULTING ON LEVEL OF ANNUAL LICENCE FEES THAT SHOULD APPLY FOR SOME LICENSES TO UK BROADBAND, WHICH IS OWNED BY HUTCHISON 3G UK LIMITED.PROPOSED THAT FEES FOR BOTH 3.4 GHZ AND 3.6 GHZ SPECTRUM WOULD BE £0.358M PER MHZ.PROPOSE TO APPLY FEES FOR 3.4 GHZ SPECTRUM AS SOON AS POSSIBLE, PHASE-IN INCREASE IN FEES FOR 3.6 GHZ SPECTRUM OVER PERIOD TO MID-2020.  Full Article

BT Group Secures Northern Ireland Public Sector Shared Network Contract
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - BT Group PLC ::BT SECURES NORTHERN IRELAND PUBLIC SECTOR SHARED NETWORK (NI PSSN) CONTRACT.AWARDED MULTI-MILLION POUND 9 YEAR CONTRACT BY THE DEPARTMENT OF FINANCE (DOF).CONTRACT WHICH IS VALUED AT ABOUT £50M OVER 9 YEARS, COULD GROW TO MAX OF £400M.  Full Article

BT Signs Contract To Deploy Network Technology For IXOM
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - BT Group PLC ::SIGNED CONTRACT TO DEPLOY NEW GENERATION OF NETWORK TECHNOLOGY FOR IXOM.  Full Article

BT To Strip Huawei Equipment From Its Core 4G Network - FT
Wednesday, 5 Dec 2018 

Dec 4 (Reuters) - :BT TO STRIP HUAWEI EQUIPMENT FROM ITS CORE 4G NETWORK - FT.BT HAS EXCLUDED HUAWEI FROM BIDDING FOR CONTRACTS TO SUPPLY EQUIPMENT FOR USE IN ITS CORE 5G NETWORK - FT.  Full Article

Ofcom Fines EE And Virgin Media For Overcharging Some Customers
Friday, 16 Nov 2018 

Nov 16 (Reuters) - :OFCOM SAYS EE AND VIRGIN MEDIA FINED FOR OVERCHARGING.OFCOM - FINES EE £6.3M AND VIRGIN MEDIA £7M FOR BREAKING CONSUMER PROTECTION RULES.16-Nov-2018 02:03:01 AM - OFCOM SAYS EE AND VIRGIN MEDIA LEVIED EXCESSIVE CHARGES TO CUSTOMERS WHO ENDED THEIR CONTRACTS EARLY.16-Nov-2018 02:04:36 AM - OFCOM - OVER 6-YR PERIOD, TERMS APPLYING TO EE'S 'DISCOUNT CONTRACTS' DIDN'T SET OUT CHARGES CUSTOMERS WOULD PAY IF THEY ENDED CONTRACTS EARLY.16-Nov-2018 02:04:58 AM - OFCOM - FOUND UP TO 15 MLN DISCOUNT CONTRACTS FOR EE'S MOBILE, LANDLINE AND BROADBAND CUSTOMERS REQUIRED THEM TO PAY EXCESSIVE EARLY EXIT CHARGES.16-Nov-2018 02:05:27 AM - OFCOM - FOR ALMOST A YEAR, VIRGIN MEDIA LEVIED EARLY-EXIT CHARGES HIGHER THAN CUSTOMERS HAD AGREED TO WHEN SIGNING UP TO THEIR RESIDENTIAL CONTRACTS.16-Nov-2018 02:06:05 AM - OFCOM - VIRGIN MEDIA OVERCHARGED ALMOST 82,000 CUSTOMERS WHO LEFT THEIR CONTRACTS EARLY, BY TOTAL OF JUST UNDER £2.8M - AN AVERAGE OF £34 PER PERSON.  Full Article

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As UK accelerates post-Brexit freeport plans, Truss takes lessons from U.S.

WASHINGTON Britain is accelerating its post-Brexit plans to develop freeports to boost trade, Trade Secretary Liz Truss said on Thursday after meeting with U.S. Secretary of Commerce Wilbur Ross to discuss similar U.S. projects and a U.S-UK trade deal.