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United Kingdom

KCOM Group PLC (KCOM.L)

KCOM.L on London Stock Exchange

109.20GBp
19 Jun 2019
Change (% chg)

0.20 (+0.18%)
Prev Close
109.00
Open
108.20
Day's High
109.20
Day's Low
108.20
Volume
436,134
Avg. Vol
1,348,097
52-wk High
114.78
52-wk Low
54.10

Latest Key Developments (Source: Significant Developments)

Ofcom Appoints BT & Kcom To Deliver UK's Broadband 'Universal Service'
Thursday, 6 Jun 2019 

June 6 (Reuters) - UK's Ofcom::OFCOM APPOINTS BT AND KCOM TO DELIVER UK'S BROADBAND 'UNIVERSAL SERVICE' FROM MARCH.OFCOM SAYS EVERYONE IN UK WILL HAVE LEGAL RIGHT TO REQUEST "DECENT AND AFFORDABLE" BROADBAND CONNECTION FROM MARCH NEXT YEAR.OFCOM SAYS BT TO BE RESPONSIBLE FOR CONNECTING PROPERTIES IN WHOLE OF UK EXCEPT HULL AREA.UK'S OFCOM - UNDER LEGISLATION FOR NEW SERVICE, COST OF PROVIDING CONNECTIONS TO ELIGIBLE HOMES WILL BE PAID FOR UP TO £3,400.OFCOM SAYS KCOM WILL BE DESIGNATED PROVIDER OF UK'S BROADBAND 'UNIVERSAL SERVICE.UK'S OFCOM - IN AUTUMN, WILL CONSULT ON WHICH OTHER COS WOULD CONTRIBUTE TO FUND COSTS THAT IT WOULD NOT BE APPROPRIATE FOR BT OR KCOM TO COVER.OFCOM - GIVEN BT, KCOM UNTIL MARCH 20 2020 TO MAKE PREPARATIONS TO START BUILDING NEW BROADBAND CONNECTIONS.  Full Article

Majedie Asset Management Says Sold Entire Stake in KCOM
Monday, 29 Apr 2019 

April 29 (Reuters) - Majedie Asset Management Ltd::STATEMENT RE POSSIBLE OFFER.ON 24 APRIL, FOLLOWING RELEASE OF HUMBER BIDCO'S OFFER FOR KCOM, MAJEDIE SOLD ITS ENTIRE HOLDING OF KCOM SHARES.  Full Article

USSL To Buy KCOM In Deal Valued At About 504 Mln Pounds
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Universities Superannuation Scheme::RECOMMENDED CASH ACQUISITION.BOARDS OF BIDCO AND KCOM REACHED AGREEMENT ON TERMS OF A RECOMMENDED CASH ACQUISITION OF KCOM.UNDER TERMS OF ACQUISITION, KCOM SHAREHOLDERS TO BE ENTITLED TO RECEIVE: FOR EACH KCOM SHARE 97 PENCE IN CASH.ACQUISITION VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF KCOM AT APPROXIMATELY £504 MILLION.KCOM DIRECTORS INTEND TO RECOMMEND UNANIMOUSLY THAT KCOM SHAREHOLDERS VOTE IN FAVOUR OF SCHEME AT COURT MEETING.IF ANY DIVIDEND/DISTRIBUTION AUTHORISED, DECLARED, FOR KCOM SHARES ON/AFTER APRIL 24, BIDCO RESERVES RIGHT TO REDUCE DEAL PRICE.  Full Article

KCOM Group Confirms FY Trading & Net Debt Remains In Line With Market Expectations
Friday, 22 Mar 2019 

March 22 (Reuters) - KCOM Group PLC ::GROUP CONFIRMS TRADING AND NET DEBT REMAINS IN LINE WITH MARKET EXPECTATIONS FOR FINANCIAL YEAR ENDING 31 MARCH 2019.EXPECTS TO PROPOSE A FINAL DIVIDEND FOR YEAR OF NOT LESS THAN 2P PER SHARE.  Full Article

UK's Ofcom Proposed To Designate BT & KCom As UK's Broadband Universal Service Providers
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - BT Group PLC ::UK'S OFCOM - PROPOSED TO DESIGNATE BT AND KCOM AS UK'S BROADBAND UNIVERSAL SERVICE PROVIDERS.UK'S OFCOM - BT, KCOM, HYPEROPTIC SATISFIED ALL CRITERIA; HYPEROPTIC SUBSEQUENTLY WITHDREW INTEREST IN BEING A UNIVERSAL SERVICE PROVIDER.UK'S OFCOM - PROPOSE BT AS UNIVERSAL SERVICE PROVIDER ACROSS WHOLE OF UK EXCLUDING HULL AREA, AND KCOM FOR HULL AREA.  Full Article

Teleios Capital Partners Raises Stake In KCOM To 13.15 Pct From 11.47 Pct- Filing
Monday, 5 Nov 2018 

Nov 5 (Reuters) - KCOM Group PLC ::TELEIOS CAPITAL PARTNERS RAISES STAKE IN KCOM GROUP TO 13.15 PERCENT FROM 11.47 PERCENT- FILING.  Full Article

KCom Started Process To Recruit A New Chief Executive
Monday, 26 Feb 2018 

Feb 26 (Reuters) - Kcom Group Plc ::KCOM GROUP PLC - HAS STARTED PROCESS TO RECRUIT A NEW CHIEF EXECUTIVE, IN ORDER TO EFFECT A MANAGED SUCCESSION PLAN FOR GROUP'S LEADERSHIP.  Full Article

Kcom Says Started Process To Recruit New Chief Executive
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Kcom Group Plc ::HAS STARTED PROCESS TO RECRUIT A NEW CHIEF EXECUTIVE, IN ORDER TO EFFECT A MANAGED SUCCESSION PLAN FOR GROUP'S LEADERSHIP.GROUP'S CHIEF EXECUTIVE - WILL REMAIN WITH BUSINESS WHILE AN ORDERLY HANDOVER OF HIS RESPONSIBILITIES TAKES PLACE.‍APPOINTED RECRUITMENT ADVISORS TO ASSIST IT IN IDENTIFYING AND REVIEWING BOTH INTERNAL AND EXTERNAL CANDIDATES FOR ROLE​.‍GROUP REMAINS ON TRACK TO DELIVER AN OVERALL EBITDA PERFORMANCE SLIGHTLY AHEAD OF BOARD'S EXPECTATION​.SEE FY REVENUE PERFORMANCE SLIGHTLY BEHIND BOARD'S EXPECTATIONS.  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 ‍KCOM fined 900,000 stg for emergency-call failure​
Tuesday, 8 Aug 2017 

Aug 8 (Reuters) - UK's Ofcom::‍KCOM FINED £900,000 FOR EMERGENCY-CALL FAILURE​.‍KCOM ATTRIBUTED THIS FAILURE TO FLOODING AT ONE OF BT'S TELEPHONE EXCHANGES IN YORK, IN WAKE OF STORM EVA​.INVESTIGATION FOUND KCOM BROKE RULE DESIGNED TO ENSURE EVERYONE CAN CONTACT EMERGENCY SERVICES AT ALL TIMES.‍INVESTIGATION FOUND THAT KCOM DID HAVE BACK-UP ROUTES IN PLACE, IT LATER BECAME CLEAR THAT THESE ALSO RELIED ON FLOODED TELEPHONE EXCHANGE IN YORK​.  Full Article

Deals of the day-Mergers and acquisitions

June 3 The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: