Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Well done Fleccy - hopefully someone who knows about things will be able to tell
Me.
I’ve already asked engineers in the street, they said they don’t blow fibre anymore & it’s digs or poles now (might be wrong, that’s why I’m asking)
So thanks very much, I’ll just chalk this down to Something else you don’t really understand but push yourself forward for. You have 11645 other posts just like it.
"So a fibre connection to my home, I think requires a dig, through my driveway, garden and possibly part of my street."
Many connections will be overhead, or already ducted, so should be easy. I doubt Openreach would excavate someone's driveway unless the customer agreed it was at their own risk. They'd probably try and find a route that doesn't involve excavation in tarmac or concrete, maybe along a sidewall leading to and adjoining the house wall.
I live on a gated development and BT ducts were installed when the houses were built; A contractor for Openreach recently did a survey and I was surprised to learn that the copper cable outside the development isn't ducted, but dug in along a verge; The contractor advised that they're looking at installing more Telegraph poles along the road, outside the development, to supply FTTP. CityFibre have already microtrenched a good portion of the road, with small access boxes outside each property, but they'll have to access the properties by excavating whereas Openreach will likely go overhead from the new poles.
Aus I believe the total figure Patourel's lawyers are chasing is £1.3 Billion; It isn't an insignificant sum, but it wont bankrupt BT if the full award is granted.
A substantial/biggest portion of the full award is relying on the court awarding compensation to split purchase customers up to the trial start date in 2024, which would go against OFCOM's decision to class such customers as well engaged and able to search out competitive deals online.
BT is one of the most regulated companies on the planet, OFCOM limit their wholesale pricing offered to competitors and basically tell BT/Openreach how high to jump; There's a good argument that court's shouldn't be involved in deciding pricing for such a highly regulated entity, in view of the regulatory thumb BT are under. Something else, to suggest that Landlines are a market in their own right is flawed, since other options are available like Mobiles and services from other CP's, who BT have no control over, you could argue that classing Landlines as its own market is opinion and not fact. The reason other CP's followed BT's landline rental increases is because they don't actually want landline customers, and therefore raised prices to discourage that class of customer transferring service to them from BT. If the CAT do award Split Purchase customers compensation, then they've basically overruled OFCOM's classification of that type of customer and decided BT's pricing going forward for that type of service.
I'd be surprised if the CAT include Split Purchase customers for compensation, should BT lose, since they'd be saying they have more expertise than OFCOM in deciding regulatory matters in relation to BT's pricing; So my guess would be around £600 Million maximum, if BT loses.
In my opinion BT should win this case, since they've only been dancing to OFCOM's tune and doing as they're told. If OFCOM hadn't ordered BT to reduce prices then there wouldn't even be a case, since the case against BT is based purely on the fact that BT voluntarily reduced prices on OFCOM's instruction.
A question (not for Fleccy I really don’t care )
( although I know he will jump all over this)
(He won’t be able to resist an opportunity to over compensate)
So a fibre connection to my home, I think requires a dig, through my driveway, garden and possibly part of my street.
This work needs doing and then made good? For every home?. Surely these are the real costs for the fibre rollout, up front costs for millions of homes seems huge ? 24 million homes @ £1000 is a further £25bln?
Can this be right?
Hey Mandy, I don’t necessarily share your concerns about CWU members etc, but everything else seems to make sense to me.
A layperson view of this class action seemed to me to be a non starter? I don’t think there was a case to answer. Proceeding through the courts like this proves otherwise, it would have all Been halted, long before, it that was the case. My gut feel is, having gone to court, almost anything could happen, so it’s the definition of “uncertainty” which of course is good news for the boys who think a low price is good news, even if that price represents a risk to their capital investment. BT is a huge company with huge costs, miss steps by BT can reap all kinds of painful consequences very quickly, because a company of this size can’t change quick enough. Size has its advantages, but in a changing, reducing market &!stiff competition can take its toll. I’m
Not saying I think we are there, but I am saying reducing revenue is a problem which needs solving.
I hope a £250m fine isn’t on its way, it’s better than. £1.6bln, will still hurt & I think it might encourage further action down the road?
Fibre build remains positive, it’s obvious other providers will try to undermine this investment by offering a wholesale option, this worries me more than anything in regards to my significant BT investment, which has come about by me chasing a falling share price funnily enough ?
So glad Mandy and me make no sense to Fleccy. That’s rich coming from a poster who doesn’t assess risk, thinks £1.6bln fine is unimportant & who doesn’t have the capacity to understand his own acronyms posts more times than is healthy just repeating the same old. (Mandy covers that very well)
He’s like the guy in a meeting trying to convince everyone he knows……..
Expat have you ever heard of the energy price cap on gas and electricity ? There are other examples
Seeing this prompted me to wonder if ,as an independent company, there are any constraints on how much profit BT can make in any area of its business. I can only assume there must be otherwise the Class Action wouldn't possibly have a case and the lawyers clearly think they have a chance of winning.. On the other hand if there is a limit then surely OFCOM would be policing the pricing.
I can't think of any other business where Government or their agencies decide how independent companies price their products, don't think gas and electric are decided by government as Centrica made huge profits last year when people were struggling with their bills.
Can anyone explain how this works ? I'd assume that if BT were to consistently overprice then ultimately they'd slowly go bust but I'm obviously missing something.
Time BT withdrew BT Home Essentials For all the thanks they get.
Aus you never make sense, so it makes sense you'd encourage Mandy. Was you returning back from one of your VMO2 fanboy get-together's? I only ask because you said you were on a train.
“Make sure I didn’t live near him first” ( only excuse is I’m on a train :))
Goof grief Mandy, it comes to something where you’re making more sense than anyone on here.l!!! You can be as grumpy and real as you like, far as I’m concerned. Your truth is more real than these diminishing share price fanboys. Some of which think a £1.6bln fine is no problem (tells you everything you need to know)
As for some of the life stories and 101 self congratulating, adobe merchants on here, I’d say “it’s none of our business” & what’s the point of making silly claims about personal wealth (or not) on a board where it’s easier to lie than tell truth?
As for the blockers…. I think people who block you have serious character flaws if they cant handle public comments on a public board. I mean, I have a lowest of the low stalker called NDN who think he can intimidate me by misusing my personal details & not respecting my privacy (god knows what other filth he’s into, you might like to take a guess). Still you would have thought he’d make sure I didn’t lice best him first !!!!
Stay true Mandy !!! Share price is low, share is under performing, as is the company, so a good main is far more appropriate than blind faith !!
Winning the race
Finishing last having done your best
Finishing last having never tried
I know where Mandy is
The point Abject makes so well Mandy is he has made some mistakes but does not start squawking like a big girls blouse about his losses, unlike you. You should take your own advice "be healthy and happy" and stop the monumental sulk/ blame casting.
AbjectPerformer - If you ain't first, you're last?!
Most races you finish last.
But if you keep complaining instead of racing, you will never finish one of them first.
If you do the right things and stay in the race, you may finish first. One day you can say, I did everything I could, whether you make it or not.
Well done Abject, you have come through tough times and mistakes and will no doubt rectify this. Patience and time. It's not made you bitter which is good unlike our old duffer blaming all and everything but himself. I too am way under water with bt. But I have the patience of an oyster and will not sell at a loss. Golden rule.
I have not filtered the blinkered opinionated old duffer yet as his ramblings make me laugh. Haho, gl to you and our bt holdings.
Blaming others for your share woes is like blaming others for you not being able to run 10km, when you never got out of your rocking chair
Anyone who hasn’t filtered Mandy , feeling sorry for his £5 Bt buys. I have a message for.
Fleccy once asked me how , being under 30 years of age, have I accumulated 60,000 shares.
I now have 70,000 shares. But I bought a large chunk of shares at 230p.
At the time, I bought a house for £180,000. The house in question was low maintenance. It’s now worth £280,000.
Had I not bought shares at 230p, I could have bought a different house I wanted , at £210,000. That house is currently on the market for £420,000.
I have never complained. I grew up with nothing.
Mandy bought shares at £5, with an upper class background. Has never stopped moaning , into his old age.
I’m busy rectifying.
For that reason, he’s a sea of green to me, and will remain so. A bad mentality, blaming everyone else.
If you filter you don’t have to pinch anything
Mmuk, Please take anything our resident curmudgeon says with a large pinch of salt.
The class action is due at the same time as me removing Mandy’s filter
———- this string represents that time
When is the result of this class action due?
Thats exactly the continually repeated response i was expecting
Utter bullshine
Change the record granddad