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Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

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Share Price: 108.95
Bid: 109.00
Ask: 109.10
Change: 3.55 (3.37%)
Spread: 0.10 (0.092%)
Open: 105.50
High: 109.20
Low: 105.50
Prev. Close: 105.40
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BT Group gets approval to acquire EE

Fri, 15th Jan 2016 07:13

(ShareCast News) - The Competition and Markets Authority has approved BT Group's plans to acquire EE, bringing together the UK's largest fixed telecoms business and the UK's largest mobile telecoms business.The approval was granted on Friday unconditionally without remedies, and allows the telco to acquire the joint venture between Deutsche Telekom and Orange S.A for £12.5bn at the end of the month.The CMA said it decided that the merger is not expected to result in a substantial lessening of competition in the UK, believing the companies "operate largely in separate areas".CMA Inquiry Chair John Wotton noted the retail mobile services market in the UK is competitive."As BT is a smaller operator in mobile, it is unlikely that the merger will have a significant effect."Similarly, EE is only a minor player in retail broadband, so again it is unlikely that the merger will have a significant effect in this market."Wotton also noted that the acquisition wouldn't give the expanded group "the ability and the incentive to disadvantage competitors" in supplying backhaul, wholesale mobile or wholesale broadband.BT Chief Executive Gavin Patterson is pleased the CMA found there was no significant lessening of competition after the 10 month investigation."The combined BT and EE will be a digital champion for the UK, providing high levels of investment and driving innovation in a highly competitive market."I have no doubt that consumers, businesses and communities will benefit as we combine the power of fibre broadband with the convenience of leading edge mobile services."BT Group said it will begin the formal process of completing the deal today, with the deal set to close on January 29 when Deutsche Telekom and Orange will receive shares in BT.Deutsche Telekom will hold a 12% stake in BT, while Orange will hold a 4% stake.A representative of Deutsche Telekom will also be appointed to the board in due course.BT also said it will incorporate the business into the wider group in the coming months.Marc Allera will head up EE once the deal is finalised.
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26 Jun 2023 06:01

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Sunday newspaper round-up: Drinkflation, Bank of England, BT Group

(Sharecast News) - Brewers have cut the levels of alcohol in many beers and lagers, saving millions of pounds in tax in the process. But they haven't cut prices for consumers. Food giants and grocers have done the same through stealthy reductions in package sizes and portions. Critics however hold that so-called drinkflation is the more insidious of the two, as bottle and cans stay the same size and hold the same amount of liquid. In the case of Foster's, which is sold by Heineken in the UK, alcohol by volume has been reduced from 4.0% earlier in 2023 to only 3.7%. - Financial Mail on Sunday

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14 Jun 2023 17:05

Vodafone, Hutchison strike $19 bln deal to create UK mobile leader

Deal would create UK's biggest mobile operator

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14 Jun 2023 11:37

TOP NEWS: Vodafone and CK Hutchison unveil mega UK mobile merger

(Alliance News) - Vodafone Group PLC and CK Hutchison Holdings Ltd on Wednesday announced a tie-up of their UK telecommunications arms, following talks which began last year.

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12 Jun 2023 11:00

Recession risks still loom for markets calmer after banking turmoil

June 12 (Reuters) - The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-crunch and a U.S. debt ceiling crisis has been averted.

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26 May 2023 17:45

Sunak and Google CEO discuss 'striking right balance' on AI regulation

(Alliance News) - Rishi Sunak has met with Google's chief executive to discuss "striking the right balance" between artificial intelligence (AI) regulation and innovation, Downing Street said.

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24 May 2023 21:56

Sunak, AI leaders discuss 'existential threats', disinformation fears

(Alliance News) - Rishi Sunak has discussed with leading figures in artificial intelligence the need for regulation to mitigate risks ranging from disinformation and national security to "existential threats".

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UK's Ofcom allows Openreach to cut prices

(Sharecast News) - Britain's telecoms regulator has allowed BT to cut wholesale prices at its Openreach networking arm, despite claims from competitors that it would give the company an unfair advantage.

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24 May 2023 09:29

Britain allows BT to discount wholesale fibre broadband

LONDON, May 24 (Reuters) -

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24 May 2023 08:51

Ofcom signs off on BT unit Openreach's Equinox 2 scheme pricing in UK

(Alliance News) - BT Group PLC unit Openreach's Equinox 2 scheme has overcome a potential regulatory hurdle.

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Britain allows BT to offer wholesale fibre broadband discounts

LONDON, May 24 (Reuters) - Britain's telecoms regulator Ofcom said on Wednesday it would allow BT to offer new discounted wholesale fibre pricing to broadband providers as it did not consider the scheme to be anti-competitive. (Reporting by Paul Sandle; Editing by Kate Holton)

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LONDON MARKET MIDDAY: Stocks up; RS falls on slowing industrial growth

(Alliance News) - Stock prices in London were higher at midday on Tuesday, as investors remained calm about the possibility of US government debt default.

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