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Share Price Information for BT (BT.A)

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Share Price: 132.80
Bid: 132.85
Ask: 132.95
Change: -0.55 (-0.41%)
Spread: 0.10 (0.075%)
Open: 133.85
High: 134.40
Low: 132.55
Prev. Close: 133.35
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BT launches mobile phone service for businesses

Thu, 17th Jul 2014 11:18

BT has confirmed its return to the mobile market with the launch of a new service for smaller businesses that integrates staff mobiles with land-lines.BT said its new One Phone service would bring together a company's office phone system and mobile phone needs into a single system.The group said the service works with a full range of mobile phones by inserting a BT One Phone SIM card and will combine with 4G and unlimited access to more than five million BT Wi-fi hotspots.BT is also thought to be preparing to roll out a mobile product for consumers.BT, which spun off its BT Cellnet business in 2001, has long wanted to launch a mobile service to make up for falling land-line demand, but has so far piggy-backed on the networks of rival operators.Last year, BT bought some 4G spectrum from regulator Ofcom tailored for use in homes and buildings, which it plans to use for the new service.It has run a fledgling service for businesses and its own staff using Vodafone's network but is replacing that with a 4G-capable service from Orange and T-Mobile group EE.BT Business Chief Executive Graham Sutherland said: "Today's announcement, combined with the upcoming launch of our 4G services, demonstrates our ongoing commitment to the increasingly mobile UK workforce."Shares in BT fell 6.7p or 1.7% to 380.4p at 12:06 in London.PW
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Sunday newspaper round-up: BT Group, Aston Martin, MPs

(Sharecast News) - BT has intensified its preparations to see off a possible takeover bid by its major shareholder Deutsche Telekom. For months now, the telecoms services provider had been working with Robey Warshaw and Goldman Sachs to prepare against such a scenario. Speculation in that regard was reaching a crescendo both in the City and within the sector, due to BT's need to invest £15bn in its new fibre-optic broadband network and multiple potentially destabilising factors. - The Sunday Telegraph

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