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Share Price Information for BT (BT.A)

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Share Price: 127.80
Bid: 127.70
Ask: 127.90
Change: 0.70 (0.55%)
Spread: 0.20 (0.157%)
Open: 127.40
High: 128.30
Low: 127.40
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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25 Jan 2024 15:06

UK earnings, trading statements calendar - next 7 days

Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
  
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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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25 Jan 2024 13:00

Eight convicted in Italy over false accounting at BT subsidiary

MILAN, Jan 25 (Reuters) - An Italian court on Thursday convicted eight people after a lengthy trial into alleged false accounting at the Italian unit of British telecoms group BT in 2015 and 2016.

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16 Jan 2024 06:06

BT's Plusnet hit by mass outage, broadband provider says

(Alliance News) - BT Group PLC subsidiary Plusnet has been hit by a "mass outage", the broadband provider has said.

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15 Jan 2024 08:35

BT in talks with Musk's Starlink over rural broadband offering

(Sharecast News) - Telecommunications giant BT was said to be in discussions with Elon Musk's Starlink regarding a satellite phone and broadband offering aimed at servicing rural dead spots.

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12 Jan 2024 00:01

UK supermarket Sainsbury's launches EV charging business

LONDON, Jan 12 (Reuters) - British supermarket group Sainsbury's has launched an electric vehicle (EV) charging business, targeting over 750 ultra-rapid charging bays in over 100 store car parks by the end of 2024.

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9 Jan 2024 16:00

Auto File-China: Car Export Powerhouse

Joe White Global Autos Correspondent

Greetings from the Motor City!

It’s a great day in the Great Lakes state of Michigan! The University of Michigan won the college football championship last night. Who’s got it better than us?

Chinese automakers could say, “we do!” Why? Read on.

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8 Jan 2024 12:49

IN BRIEF: BT confirms February start date for new CEO Kirkby

BT Group PLC - London-based telecommunications provider - Confirms Independent Non-Executive Director Allison Kirkby will succeed Philip Jansen as chief executive officer from February 1. She was named successor in July, with previous communication being that she would take over from Jansen around the end of this month at the latest. Jansen will be available to support the handover until the end of March, when BT's financial year 2024 ends.

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2 Jan 2024 16:58

LONDON MARKET CLOSE: Stocks down amid disappointing manufacturing data

(Alliance News) - Stock prices in London closed lower on Tuesday, after the year was started with some disappointing data about the UK and US manufacturing sectors.

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2 Jan 2024 12:01

LONDON MARKET MIDDAY: London stocks make largely soft start to 2024

(Alliance News) - Stock prices in London were mostly lower at midday on Tuesday in a slow start to the new year, reacting to the UK manufacturing sector finishing a tricky 2023 with a further contraction in December.

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2 Jan 2024 08:48

LONDON MARKET OPEN: New Year begins largely green amid slew of PMIs

(Alliance News) - Stock prices in London opened mostly up on Tuesday, the first day of trading in 2024, reacting to slightly improved factory activity in China, with more manufacturing PMIs from major economies due.

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2 Jan 2024 08:36

PRESS: Outgoing BT boss Jansen approached about being next WPP chair

(Alliance News) - WPP PLC has approached outgoing BT Group PLC chief Philip Jansen about becoming the advertising firm's next chair, Sky News reported on Monday.

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2 Jan 2024 07:57

LONDON BRIEFING: AstraZeneca, Sanofi's RSV treatment approved in China

(Alliance News) - Stock prices in London are expected to open higher on Tuesday, reacting to a slight expansion in manufacturing activity in China and ahead of a slew of manufacturing PMI data including for the UK.

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1 Jan 2024 21:35

BT chief Jansen approached about WPP chairmanship - Sky News

Jan 1 (Reuters) - BT Group's outgoing boss Philip Jansen has been approached about becoming the next chair of advertising group WPP, replacing Roberto Quarta, Sky News reported on Monday.

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1 Jan 2024 17:22

BT chief Jansen approached about WPP chairmanship - Sky News

Jan 1 (Reuters) - Philip Jansen, the outgoing BT Group boss, has been approached about becoming the next chairman of advertising group WPP, Sky News reported on Monday.

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28 Dec 2023 17:21

UK stocks subdued in thin holiday trade

FTSE 100, FTSE 250 flat

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