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BT Group PLC (BT.N)

BT.N on New York Stock Exchange

18.04USD
8 Dec 2017
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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 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

BT Group ‍announces contract with Bridgestone Europe
Tuesday, 30 May 2017 09:49am EDT 

May 30 (Reuters) - Bt Group Plc ::Announced contract with Bridgestone Europe for network infrastructure, managed cloud services in Europe, Middle East And Africa​.  Full Article

UK's Ofcom issues notification to Plusnet regarding service charges
Tuesday, 14 Feb 2017 07:04am EST 

UK's Office of Communications: Ofcom has now, following investigation, determined that there are reasonable grounds for believing that Plusnet contravened GC11.1 of the general conditions . Ofcom notified Plusnet under section 96A of the Communications Act 2003 for period between May 26 2011 and Sept. 3 2015 in respect of the contravention .Reasonable grounds to believe that Plusnet contravened GC 11.1 by overcharging customers in time period.  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

UPDATE 1-Ex-BT Italy boss wins $2 mln for wrongful dismissal - sources

MILAN, Dec 7 A manager at the centre of investigations into an accounting scandal at British Telecom's Italian business has been awarded almost 1.8 million euros ($2.1 million) in damages for wrongful dismissal, three legal sources said.