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BT Group PLC (BT.L)

BT.L on London Stock Exchange

16 Jan 2017
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Latest Key Developments (Source: Significant Developments)

UK's Ofcom closes investigation into BT’s price compliance
Tuesday, 10 Jan 2017 06:13am EST 

UK's Office of Communications: Closed investigation concerning BT’s compliance with its cost-orientation obligations under general condition 18.5 on Jan.4 . Found that BT’s charges to Gamma and Vodafone for APCCs from January 2015 did not comply with the requirements of GC18.5(A) .Concluded that BT should amend its charges accordingly and make repayments to Gamma and Vodafone.  Full Article

UK's Ofcom announces access to BT poles for fibre network
Tuesday, 6 Dec 2016 04:08am EST 

UK's Ofcom : Simpler, cheaper access to BT's network for competitors to lay ultrafast broadband . This would give BT's competitors flexibility to innovate as technology evolves, and respond to changes in their customers' needs . Rental charges currently linked to Openreach's costs; but explicit cap on prices could provide greater planning certainty for providers . Plans for a full-fibre future . Plans to make it quicker and easier for rival providers to build their own fibre networks direct to homes and offices using BT's existing telegraph poles and 'ducts' .Also considering changes to Openreach's rental charges for accessing its duct network.  Full Article

UK's competition watchdog outlines rules for mobile spectrum auction
Monday, 21 Nov 2016 02:17am EST 

UK's Ofcom : Outlines rules for mobile spectrum auction . Airwaves for mobile broadband to be sold in 2.3 ghz and 3.4 ghz bands . Propose to apply a cap, of 255 mhz, on "immediately useable" spectrum that any one operator can buy . As a consequence of this proposed cap, BT/EE would not be able to bid for spectrum in 2.3 ghz band . BT/EE currently holds 45 pct of immediately useable uk mobile spectrum. Vodafone holds 28 pct, O2 15 pct and three 12 pct. . Concerned that, if these immediately usable holdings were to become more unbalanced, this could harm competition in next few years . Not proposing a cap on amount of 3.4 ghz spectrum . As a result of new spectrum in market after award, BT/EE's overall share of immediately-useable spectrum will fall, from 45 pct to 42 pct .Plans to release further spectrum for mobile use.  Full Article

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

BRIEF-UK's Ofcom closes investigation into BT's price compliance

* Closed investigation concerning BT's compliance with its cost-orientation obligations under general condition 18.5 on Jan.4