Get Live Data

The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Latest Share Chat

  2. Share Prices
  3. BT Share Price
  4. BT Share News
  5. BT Group gets approval to acquire EE

Pin to quick picksBT Share News (BT.A)

BT Information

Share Price Information for BT (BT.A)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 112.20
Bid: 112.10
Ask: 112.20
Change: 3.25 (2.98%)
Spread: 0.10 (0.089%)
Open: 109.35
High: 112.25
Low: 109.35
Prev. Close: 108.95
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
21 Dec 2023 15:43

UK dividends calendar - next 7 days

Friday 22 December 
BlackRock World Mining Trust PLCdividend payment date
FRP Advisory Group PLCdividend payment date
Investec PLC and Ltddividend payment date
Ninety One PLC and Ltddividend payment date
Record PLCdividend payment date
Schroder Real Estate Investment Trust Ltddividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Tristel PLCdividend payment date
Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
no events scheduled 
Thursday 28 December 
Babcock International Group PLCdividend payment date
BT Group PLCex-dividend payment date
Cerillion PLCex-dividend payment date
Develop North PLCdividend payment date
Focusrite PLCex-dividend payment date
Gore Street Energy Storage Fund PLCex-dividend payment date
Grainger PLCex-dividend payment date
Jet2 PLCex-dividend payment date
JPMorgan European Discovery Trust PLCex-dividend payment date
Lowland Investment Co PLCex-dividend payment date
North American Income Trust PLCex-dividend payment date
Schroder AsiaPacific Fund PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Schroder Income Growth Fund PLCex-dividend payment date
Troy Income & Growth Trust PLCex-dividend payment date
Ultimate Products PLCex-dividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
21 Dec 2023 07:29

Saudi Telecom to approach Patrick Drahi regarding BT stake

(Sharecast News) - Saudi Telecom may be preparing to approach British Telecom's largest shareholder Patrick Drahi regarding raising its interest in the UK telco.

Read more
14 Dec 2023 21:56

DIRECTOR DEALINGS: Baltic Classifieds CEO sells GBP9 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

Read more
14 Dec 2023 16:40

Director dealings: Airtel shareholder crosses 15pc threshold, BT CFO sells stock

(Sharecast News) - Two significant director dealings were disclosed to the market on Thursday, with one of Airtel Africa's shareholders crossing the 15% holding threshold, while BT's finance chief sold a chunk of his holding.

Read more
12 Dec 2023 18:06

UK may ban some mid-contract mobile and broadband price hikes

LONDON, Dec 12 (Reuters) - Britain's telecoms regulator proposed banning inflation-linked price rises in the middle of customers' broadband and mobile contracts, saying the practice was unfair on consumers and hampering competition.

Read more
12 Dec 2023 16:55

LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.

Read more
12 Dec 2023 16:00

London close: Stocks slip as investors digest US inflation

(Sharecast News) - London's markets finished in the red on Tuesday, as investors digested a slight decrease in consumer inflation in the US, while the UK's unemployment figures remained stable.

Read more
12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

Read more
12 Dec 2023 10:59

BT shares fall as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell more than 4% on Tuesday after Britain's telecom regulator proposed a ban on inflation-linked price rises in the middle of customers’ mobile and broadband contracts.

Read more
12 Dec 2023 10:37

UK telecom regulator eyes ban on inflation-linked contract price hikes

(Alliance News) - The UK telecommunications industry regulator on Tuesday said it wants to ban price hikes linked to inflation from customer contracts.

Read more
12 Dec 2023 09:58

UK regulator seeks to ban telecom firms' inflation-linked mid-contract price hikes

LONDON, Dec 12 (Reuters) - Britain's telecom regulator Ofcom proposed banning inflation-linked price rises in the middle of customers’ mobile and broadband contracts, saying that the practice was unfair on consumers and hampering competition.

Read more
12 Dec 2023 09:28

BT shares dip as regulator eyes ban on inflation-linked price hikes

Dec 12 (Reuters) - BT Group shares fell over 4% on Tuesday, with traders linking the drop to British communications regulator Ofcom proposing a ban on mid-contract price hikes linked to inflation.

Read more
12 Dec 2023 08:48

Ofcom proposes ban on inflation-linked price rises

(Sharecast News) - Telecom firms were in the red on Tuesday, as the sector's regulator proposed a ban on inflation-linked mid-contract price rises.

Read more
11 Dec 2023 09:12

Nokia signs agreement with BT on 5G monetisation opportunities

(Alliance News) - Nokia Corp on Monday said it signed an agreement with BT Group PLC focused on driving new 5G monetisation opportunities through telecommunication application programming interfaces.

Read more
7 Dec 2023 16:59

LONDON MARKET CLOSE: Stocks mute as eyes turn to US jobs data

(Alliance News) - Stock prices across Europe were muted on Thursday, as investors cautiously eye the next set of US jobs data.

Read more
12345678910

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.