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Share Price Information for BT (BT.A)

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Share Price: 128.60
Bid: 128.65
Ask: 128.70
Change: 1.50 (1.18%)
Spread: 0.05 (0.039%)
Open: 127.40
High: 129.00
Low: 127.30
Prev. Close: 127.10
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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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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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24 May 2023 07:09

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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23 May 2023 12:06

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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23 May 2023 11:22

Patrick Drahi's Altice adds to BT stake a week after lay-off plans

(Alliance News) - Billionaire telecom tycoon Patrick Drahi's Altice UK Sarl on Tuesday said it has bought more shares in BT Group PLC, less than a week after the telecommunication company announced plans for major job cuts.

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23 May 2023 10:24

Are things finally moving in the right direction for the pound?

STOXX Europe 600 down 0.3%

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23 May 2023 09:17

LONDON BROKER RATINGS: RBC cuts abrdn European Logistics Income

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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23 May 2023 09:13

Drahi boosts stake in BT to 24.5%, will not make an offer

Drahi's Altice ups stake from 18% to 24.5%

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23 May 2023 08:11

TOP NEWS: Patrick Drahi's Altice ups BT stake to almost 25%

(Alliance News) - Billionaire telecom tycoon Patrick Drahi's Altice UK Sarl on Tuesday said it has bought more shares in BT Group PLC, taking its stake to about 24.5%.

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23 May 2023 08:02

Altice ups stake in BT to 24.5%

(Sharecast News) - Altice said on Tuesday that it has upped its stake in British telecommunications firm BT Group to 24.5% but insisted it does not plan to make a takeover offer.

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23 May 2023 07:57

LONDON BRIEFING: Stocks lower; Altice ups BT stake to 24.5%

(Alliance News) - Stocks in London were called to open lower on Tuesday, as US politicians continue to argue over the nation's debt ceiling and ahead of a slew of PMI releases.

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22 May 2023 16:54

LONDON MARKET CLOSE: European stocks underwhelm amid US debt drama

(Alliance News) - London's FTSE 100 outperformed in a tricky start to the week for European equities, with investors moving with trepidation as eyes remain on Washington for US debt ceiling talks.

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22 May 2023 10:11

Citi adds BT Group to 'European Focus List', reiterates 'buy'

(Sharecast News) - Citi reiterated its 'buy' rating on BT Group on Monday and added the shares to its 'European Focus List', "because of its deep value, and as it is a clear beneficiary from improving regulatory and market conditions".

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22 May 2023 09:23

LONDON BROKER RATINGS: Citigroup cuts Sainsbury to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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22 May 2023 07:53

LONDON BRIEFING: UK cuts NatWest stake below 40%, halved from peak

(Alliance News) - Stocks in London were called to open flat on Monday, after news that UK house prices hit a new record high in May and amid resumed talks to break the impasse over raising the US debt ceiling.

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