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BT Group PLC (BT.N)

BT.N on New York Stock Exchange

21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

UK's Ofcom sets out plans for improving access to Openreach's infrastructure
Thursday, 20 Apr 2017 05:00am EDT 

April 20 (Reuters) - Office of Communications(Ofcom)::Opening BT's infrastructure for new fibre.Set out detailed plans for improving access to openreach's infrastructure, making it cheaper and easier for competing providers to connect.Plans will make it quicker and easier for BT's competitors to build their own fibre networks.Expects to publish its final decisions in early 2018, with new rules taking effect on 1 April 2018.Providers should be able to lay fibre using BT's ducts and poles as easily as bt itself, cost to bt for providing this access should be spread across all users.Openreach must repair faulty infrastructure and clear blocked tunnels where necessary for providers to access them..Cos can lay fibre for consumers and large businesses, provided purpose of network is primarily to deliver broadband to homes and small offices.BT should ensure capacity is available on its telegraph poles for additional fibre cables that connect buildings to a competitor's network.Openreach will continue to develop a 'digital map' of its duct and pole network so competitors can plan new networks..  Full Article

BT to be fined 42 mln stg for breaching contracts with telecoms providers
Sunday, 26 Mar 2017 11:04pm EDT 

UK's Office of Communications: BT to be fined 42 million stg for breaching contracts with telecoms providers . penalty is a result of an investigation by Ofcom into BT's network arm, Openreach. . UK's Ofcom says investigation finds bt cut its compensation payments for delays in connecting high-speed business lines . BT will also be fined 300,000 pounds for failing to provide information to Ofcom Source http://bit.ly/2nY7Xdv ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

UK's Ofcom says BT's Plusnet fined 880,000 pounds for billing former customers
Wednesday, 22 Mar 2017 05:23am EDT 

UK's Office of Communications: Plusnet fined £880,000 for billing former customers . Has today been fined £880,000 by ofcom for continuing to bill more than a thousand ex-customers. .Fine, which must be paid to ofcom within 20 working days, will be passed on to HM treasury..  Full Article

UK's CMA launches merger inquiry into BT-IP Trade deal
Tuesday, 7 Mar 2017 05:32am EST 

UK's Competition And Markets Authority: Says launches its merger inquiry on anticipated acquisition of IP Trade SA by BT Group Plc . Says deadline for CMA to announce its decision whether to refer the merger for a phase 2 investigation is 4 May Further company coverage: [BT.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Deutsche Telekom CEO sees much potential for BT cooperation
Thursday, 2 Mar 2017 09:38am EST 

Deutsche Telekom : CEO says there is much potential for cooperation with BT . CFO says likes U.S. business, there is a standalone path Further company coverage: [DTEGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Deutsche Telekom announces new partnership with BT
Wednesday, 1 Mar 2017 04:16am EST 

Deutsche Telekom AG : Says announces new partnership with BT . Says new partnership with BT is second step in cooperation with BT .Says new partnership will give it access to many BT network services.  Full Article

UK's Ofcom says plans to cut BT landline bills by at least 5 pounds/month
Tuesday, 28 Feb 2017 02:30am EST 

UK's Ofcom : BT's landline-only customers set for cheaper bills . Ofcom plans to cut bills by at least £5 a month for BT customers that have only a landline . Expect that proposed cut in BT's prices would lead to other providers following suit and reducing theirs (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

UK's CMA investigating BT Group, IP Trade deal
Friday, 24 Feb 2017 07:38am EST 

UK's Competition and Markets Authority: Investigating the anticipated acquisition by BT Group Plc, through its subsidiary BT (Netherlands) Holding BV, of IP Trade S.A .Considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation.  Full Article

BT says shareholders have right to be unhappy, but situation under control
Friday, 27 Jan 2017 02:53am EST 

Bt : Ceo says shareholders have right to be unhappy, but situation under control . Ceo says bt remains in good health overalll . Ceo says remains "very confident" about strategy, but headwinds in public sector, intl corporate . Cfo says italian operation is now completely under control . Cfo says "handful of people" were involved in italian scandal . Ceo says need to keep italy, public-sector slowdown in context, accounts for total 10 percent of business . Ceo says "too early" to make decisions about future of auditor pwc . Ceo says audit committee were misled over italy, as were management . Ceo says issue of his pay is "for another day" Further company coverage: [BT.L] (Reporting By London Bureau) ((uk.online@reuters.com; +44 20 7542 7717;)).  Full Article

BT CEO says Italy probably unprofitable for a number of years
Tuesday, 24 Jan 2017 04:00am EST 

Bt : Ceo says SME market and mid market performing well, well placed even if the UK sees tightening of growth . Ceo says we do not think an issue like the Italian improper accounting exists in any other market . Cfo says we remain confident in the overall prospects of the business . Cfo says other businesses remain firmly on track, confidence behind the dividend . Ceo says Italian business has probably been unprofitable for a number of years . Ceo says do believe global services is important to the bt group . Ceo says think Italy can be a growth business, will need a lot of work . Cfo says authorities may wish to consider wider implications of bt's italian accounting scandal . Cfo says too early to comment on the broader tax implications of italian accounting, although we have considered those in our finances .Ceo says investment in content have proven to be successful, we are not losing confidence in that strategy.  Full Article

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Exclusive: BT files criminal complaint over Italy accounting scandal

MILAN British Telecom has filed a criminal complaint with Italian prosecutors over an accounting scandal at its Italian unit and has handed them computer records and also dispatched its head of compliance to Milan to give evidence.