Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 139.55
Bid: 139.00
Ask: 139.10
Change: 4.55 (3.37%)
Spread: 0.10 (0.072%)
Open: 135.55
High: 139.60
Low: 134.95
Prev. Close: 135.00
BT.A Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
17 Apr 2023 11:34

European banks brace for earnings season

STOXX 600 up 0.1%

*

Read more
17 Apr 2023 11:09

JP Morgan spies signs of rotation away from cyclicals

(Sharecast News) - Equity strategists at J.P.Morgan reiterated their call for a rotation in investors' investment style away from so-called Value stocks and towards Growth and Defensive.

Read more
14 Apr 2023 10:01

Hutchison briefed UK government as Vodafone deal set for regulatory scrutiny

Hutchison had positive meeting - source

*

Read more
14 Apr 2023 09:46

LONDON BROKER RATINGS: Barclays raises CRH, Tesco price targets

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

Read more
12 Apr 2023 12:03

LONDON MARKET MIDDAY: Stocks tentatively higher ahead of US inflation

(Alliance News) - Stock prices in London were largely higher at midday on Wednesday, amid cautious trade ahead of the release of eagerly-awaited inflation data from the world's largest economy.

Read more
11 Apr 2023 08:00

Britain sets 5G goal, says no 'magic number' of operators

LONDON, April 11 (Reuters) - Britain set an ambition to deliver next-generation 5G mobile coverage to populated areas by 2030 and said there was "no magic number" of network operators required to ensure a competitive market.

Read more
5 Apr 2023 12:12

Stocks: "Higher, but not better"

STOXX 600 down 0.1%

*

Read more
5 Apr 2023 11:48

European luxury running out of steam?

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

EUROPEAN LUXURY RUNNING OUT OF STEAM? (1121 GMT)

Read more
5 Apr 2023 09:44

Industrial and construction names drag on STOXX

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

INDUSTRIAL STOCKS DRAG ON STOXX (0840 GMT)

Read more
3 Apr 2023 12:58

Ofcom steps in as broadband providers fail to implement easier switching

(Sharecast News) - UK internet providers have been ordered to speed up broadband switching for customers after failing to meet a regulatory deadline and leaving millions of consumers with eye-watering bills, the industry watchdog said on Monday.

Read more
3 Apr 2023 11:33

UK watchdog opens action over delayed broadband switching process

(Alliance News) - Ofcom has opened an industry-wide enforcement programme over the delayed One Touch Switch broadband switching process, the UK regulator said on Monday.

Read more
27 Mar 2023 10:32

Renewables Infrastructure signs power purchase agreement with BT

(Alliance News) - Renewables Infrastructure Group Ltd on Monday said it has signed a corporate power purchase agreement with BT Group PLC for the Blary Hill onshore wind farm in Scotland.

Read more
23 Mar 2023 09:44

Deutsche Bank raises target price on BT

(Sharecast News) - Analysts at Deutsche Bank raised their target price on telecommunications firm BT 140.0p to 150.0p on Thursday, stating taxes had pushed the "lucky" group's price target higher amid "major challenges".

Read more
23 Mar 2023 09:20

LONDON BROKER RATINGS: Morgan Stanley cuts Informa to 'equal-weight'

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

Read more
17 Mar 2023 17:50

FTSE 100 clocks worst week in a year as bank rout fears linger

BT Group falls on delayed pricing decision

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.