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BT Group PLC (BT.L)

BT.L on London Stock Exchange

277.55GBp
15 Dec 2017
Change (% chg)

3.70 (+1.35%)
Prev Close
273.85
Open
276.05
Day's High
278.40
Day's Low
274.40
Volume
34,956,398
Avg. Vol
20,868,994
52-wk High
400.70
52-wk Low
242.20

Latest Key Developments (Source: Significant Developments)

UK's Ofwat Announces Appointment Of Rachel Fletcher As Its New Chief Executive
Tuesday, 12 Dec 2017 05:00am EST 

Dec 12 (Reuters) - UK'S OFWAT ::OFWAT ANNOUNCES APPOINTMENT OF NEW CHIEF EXECUTIVE.ANNOUNCED APPOINTMENT OF RACHEL FLETCHER AS ITS NEW CHIEF EXECUTIVE​.‍RACHEL'S APPOINTMENT FOLLOWS DEPARTURE OF CATHRYN ROSS, WHO IS LEAVING TO TAKE UP AN EXECUTIVE POSITON AT BT​.  Full Article

Ofcom Publishes Its Final Statement On Narrowband Market Review
Thursday, 30 Nov 2017 05:00am EST 

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 broadband and landline customers to get compensated without claiming
Friday, 10 Nov 2017 04:04am EST 

Nov 10 (Reuters) - Office of Communications:OFCOM- ‍BROADBAND AND LANDLINE CUSTOMERS WILL GET MONEY BACK FROM THEIR PROVIDERS WHEN THINGS GO WRONG, WITHOUT HAVING TO CLAIM IT.OFCOM- ‍CUSTOMERS SET FOR £142M IN PAYOUTS - AROUND NINE TIMES CURRENT LEVEL​.OFCOM-‍AS A RESULT OF OFCOM'S INTERVENTION, BT, SKY, TALKTALK, VIRGIN MEDIA AND ZEN INTERNET HAVE AGREED TO INTRODUCE AUTOMATIC COMPENSATION​.  Full Article

UK's Ofcom says ‍charges cut for up to a mln BT landline-only customers​
Thursday, 26 Oct 2017 02:02am EDT 

Oct 26 (Reuters) - UK's Ofcom::‍CHARGES CUT FOR UP TO A MILLION BT LANDLINE-ONLY CUSTOMERS​.‍BT CUSTOMERS WHO BUY ONLY A LANDLINE TELEPHONE SERVICE WILL SEE THEIR MONTHLY BILLS SLASHED BY £7 PER MONTH​.‍EXPECT BT'S £7 PRICE CUT TO MEAN OTHER PROVIDERS CAN FOLLOW SUIT​.  Full Article

Dixons Carphone: customers holding onto handsets for 4-5 months longer
Thursday, 24 Aug 2017 03:18am EDT 

Aug 24 (Reuters) - Dixons Carphone :Ceo says overall 'very comfortable with trading' but uk postpay market more difficult.Ceo says customers holding onto handsets for 4-5 months longer than previously.Cfo says new handset demand is still there and market will come back.Ceo says we are accelerating as much as possible sensible cost-cutting actions.Ceo says large part of apple base rejected iphone 7, so cohort of owners ready for upgrade.Ceo says expects iphone 8 demand to be stronger than iphone 7.Ceo says post-pay contracts still most cost effective way of upgrading for most customers.Ceo says critical to continue to invest in scale, retain leading market position.Ceo says 'not betting farm' on iphone 8.Ceo doesn't see samsung note 8 causing huge amount of market disruption.Ceo says iphone 8 take-up will be inline with iphone 6s, but not as good as 6.  Full Article

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 says to closely monitor BT's compliance with new commitments
Thursday, 13 Jul 2017 03:30am EDT 

July 13 (Reuters) - Uk's Ofcom- :Announced how openreach will be held to account, as it becomes legally separate from BT, to ensure it delivers for phone and broadband users.Expect reformed openreach to engage with industry to deliver widespread fibre networks, offering fast, reliable broadband.Will closely monitor BT's compliance with its new commitments, and how effectively openreach serves whole industry.Should it become clear new openreach was not working, or BT was failing to comply with its commitments, Ofcom would revisit model and consider new measures.  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

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BT and Sky strike deal to carry each other's channels

LONDON Britain's Sky and BT have agreed to supply their most popular channels to each other's platforms in a deal that eases the rivalry between two pay-TV giants facing new threats from the likes of Netflix and Amazon.