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BT Group PLC (BT.L)

BT.L on London Stock Exchange

2 Dec 2016
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5.40p (+1.53%)
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Latest Key Developments (Source: Significant Developments)

UK's Ofcom provisionally finds BT overcharged Sky
Monday, 26 Sep 2016 06:28am EDT 

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 02:00am EDT 

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 07:03am EDT 

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 12:23pm EDT 

: 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 03:43am EDT 

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

UK's CMA publishes determination in broadband appeals involving BT and TalkTalk
Monday, 20 Jun 2016 06:41am EDT 

UK'S Competition and Markets Authority(CMA): Determination in 2 superfast broadband price control appeals has been published . Dismissed BT’s challenges regarding broadband price controls in all but one of the issues it was asked to look at . Agreed with BT that ofcom made error in setting length of relevant compliance period; determined this should be extended to 6 months . Dismissed the challenges in Talktalk’s appeal regarding broadband price controls Further company coverage: (http://bit.ly/28ICG5Q) (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

UK's Ofcom asked to resolve dispute between TalkTalk and BT
Friday, 3 Jun 2016 06:16am EDT 

Ofcom : Uk's ofcom says asked to resolve dispute between talk talk and british telecommunications concerning charges for special fault investigation services . Dispute concerns allegations by talktalk that amounts bt charged it for TRCS & SFIS, in between 1 april 2011- 30 june 2014, were inconsistent with bt's basis of charges obligations (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

BT Group PLC suffers temporary network problems - Reuters
Tuesday, 2 Feb 2016 07:03am EST 

BT Group PLC:BT Group BT.L said large numbers of its customers had lost connection to the Internet on Tuesday, but most were back online in a matter of hours and there were no indications that the failure was due to a malicious attack. - RTRS.A spokeswoman said there was no evidence the problems were caused by any malicious action towards the company, although it was still investigating the cause. - RTRS.  Full Article

Intelsat SA partners with BT Group PLC to support content distribution for BBC World Services across three continents
Monday, 1 Jun 2015 12:00am EDT 

Intelsat SA and BT Group PLC:Confirmed that BT has renewed and expanded services on three Intelsat satellites, spanning Asia-Pacific, Africa and Latin America regions.Say under new multi-year, multi-transponder agreement, BT will leverage capacity from three of Intelsat's satellite neighborhoods to distribute programming for BBC World Service, a provider of global news and content.Say BT will have access to Intelsat's teleport facility in Napa, California along with the company's terrestrial network, IntelsatOne.  Full Article

BT Group PLC gives FY 2016 outlook
Thursday, 7 May 2015 08:07am EDT 

BT Group PLC:Says it continues to expect growth in FY 2016 underlying revenue excluding transit.Expects modest growth in adjusted EBITDA for FY 2016.Reported EBITDA of 6.271 bln Pounds and revenue of 17.851 bln Pounds in FY 2015.FY 2016 EBITDA of 6.304 bln Pounds and revenue of 18.150 bln Pounds - Thomson Reuters I/B/E/S.  Full Article


UK regulator goes to Europe to force reform at BT Openreach

LONDON Britain's telecoms regulator will go to the European Commission to try to force BT to legally separate Openreach, the division that supplies broadband to millions of homes and businesses, in a major reform aimed at spurring investment in the country's aging network.