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BT Group PLC (BT.N)

BT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

UK's Ofcom proposes to impose caps on openreach's rental charges
Tuesday, 1 Aug 2017 04:43am EDT 

Aug 1 (Reuters) - UK'S OFCOM::PROPOSED TO IMPOSE CAPS ON OPENREACH'S RENTAL CHARGES FOR ACCESSING DUCT, POLE NETWORK IN ORDER TO UP CERTAINTY,PREDICTABILITY FOR INVESTORS.CONSULTING ON METHODOLOGY PROPOSED TO CALCULATE MAXIMUM CHARGES, BASED ON OPENREACH'S CURRENT PRICE CALCULATION METHODOLOGY.ANTICIPATE THAT PROPOSAL TO IMPOSE CAPS WOULD ALSO RESULT IN MATERIAL REDUCTIONS FOR MAJORITY OF RENTAL CHARGES.  Full Article

UK's Ofcom sets rules for mobile spectrum auction
Tuesday, 11 Jul 2017 02:24am EDT 

July 11 (Reuters) - UK's Office of Communications:Ofcom sets rules for mobile spectrum auction.Uk's ‍ofcom says ‍later this year, will auction licences to use 190 mhz of spectrum in two 'frequency bands'​.Uk's ‍ofcom says ‍40 mhz of spectrum will be auctioned in 2.3ghz band​.Uk's ‍ofcom says ‍in addition, 150 mhz of spectrum will be auctioned in 3.4ghz band​.Uk's ‍ofcom says ‍auction rules designed to reflect recent market developments and safeguard competition over coming years​.Uk's ‍ofcom says ‍when auctioning spectrum, will impose two different restrictions on bidders​.Uk's ofcom- effect of caps will be to reduce bt/ee's overall share of mobile spectrum; company can win a maximum 85 mhz of new spectrum in 3.4ghz band.Uk's ofcom - overall cap also means that vodafone could gain a maximum 160 mhz of spectrum across both 2.3ghz and 3.4ghz bands.  Full Article

Ofcom says BT has "significant market power" in some areas
Thursday, 22 Jun 2017 05:30am EDT 

June 22 (Reuters) - UK's Ofcom::BT and KCOM continue to have "significant market power in uncompetitive areas of country".In areas where BT and KCOM have "significant market power", Ofcom proposes to maintain regulation designed to promote retail competition.Proposal includes requirements on BT and KCOM to provide wholesale products to other providers on a "fair and reasonable basis".  Full Article

BT names KPMG as its new auditor
Thursday, 8 Jun 2017 05:10am EDT 

June 8 (Reuters) - BT Group Plc ::‍BT Audit Tender Outcome​.‍BT board has approved proposed appointment of KPMG as auditor.​.‍KPMG will be appointed as auditor subject to approval by shareholders at annual general meeting in 2018.​.‍BT, KPMG and PwC will commence transition planning immediately to ensure a smooth and effective migration during 2017/18​.  Full Article

UK's Ofcom says Openreach to reduce its charge for MPF SML1
Wednesday, 31 May 2017 05:13am EDT 

May 31 (Reuters) - UK's Office of Communications::Uk's ofcom says Openreach has now confirmed that it will reduce its charge for MPF SML1 to £84.38, effective from 1 July 2017.  Full Article

Deutsche Telekom CEO says U.S. situation completely different from few years ago
Wednesday, 31 May 2017 04:24am EDT 

May 31 (Reuters) - Deutsche Telekom Ceo Says Financial Stake In Bt :Ceo says situation in u.s. Is completely different from a few years ago.Deutsche telekom ceo says we are in position of strength in u.s., have many options to develop business.Deutsche telekom ceo says to decide "what, when and how" to develop business in u.s..Is right strategic step despite drop in value by 2.2 billion euros in 2016.  Full Article

Deutsche Telekom CEO says not excluding anything in U.S.
Thursday, 11 May 2017 04:39am EDT 

May 11 (Reuters) - Deutsche Telekom :CEO says not excluding anything in u.s. Market.CEO says still believes stake in bt <<>> is valuable asset despite impairments.  Full Article

BT CEO and former CFO to lose payouts over Italy scandal
Thursday, 11 May 2017 02:02am EDT 

May 11 (Reuters) - Bt Group Plc :Chief Executive Gavin Patterson and outgoing group Finance Director Tony Chanmugam will not receive a bonus for 2016/17 financial year.Annual bonuses for 2014/15 and 2015/16 and outcome of vesting for 2013 incentive share plan ('isp') have been recalculated.Level of isp award for gavin patterson in 2017/18 has been reduced from 400% to 350% of salary.  Full Article

Fastweb CEO says not interested in BT's Italian unit
Monday, 8 May 2017 07:09am EDT 

May 8 (Reuters) - Fastweb Chief Executive Alberto Calcagno says::Sees company's share in Italian mobile market at 3-5 percent in next 2-3 years.There is no interest or ongoing talks with BT's Italian unit.  Full Article

BT says completed acquisition of IP Trade
Tuesday, 2 May 2017 10:12am EDT 

May 2 (Reuters) - BT Group Plc ::Has completed acquisition of IP Trade following approval by UK's Competition & Markets Authority (CMA)..  Full Article

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BT floats 600 million-pound plan to push broadband into remote corners of UK

LONDON British telecoms provider BT has offered to invest up to 600 million pounds ($778 million) to provide faster broadband services to remote parts of the country, Britain's government said on Sunday.