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BT Group PLC (BT.L)

BT.L on London Stock Exchange

245.40GBp
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

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

BT Group updates on investigation into Italian business
Tuesday, 24 Jan 2017 02:06am EST 

Bt Group Plc : Update on investigation into BT's italian business and on BT group outlook . BT previously announced on 27 october 2016 that an initial internal investigation of accounting practices in its italian business had identified certain historical accounting errors . These investigations have revealed that extent and complexity of inappropriate behaviour in italian business were far greater than previously identified . Adjustments identified have increased from £145m announced in our half-year update to a total of around £530m. . Expect matters described above to result in a reduction in our q3 adjusted revenue and adjusted ebitda of around £120m, . Improper behaviour in our Italian business is an extremely serious matter .We suspended a number of bt italy's senior management team who have now left business..  Full Article

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

BRIEF-Bt Group invests 20 mln stg in an expansion of ultrafast broadband to towns across Northern Ireland​

* ‍ANNOUNCES A 20 MILLION STG INVESTMENT IN AN EXPANSION OF ULTRAFAST BROADBAND TO TOWNS ACROSS NORTHERN IRELAND​ Further company coverage: (bangalore.newsroom@thomsonreuters.com)