The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

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: 132.05
Bid: 132.05
Ask: 132.10
Change: -1.10 (-0.83%)
Spread: 0.05 (0.038%)
Open: 133.30
High: 133.30
Low: 130.95
Prev. Close: 133.15
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 Sets Out Strategy In Britain, Including Openreach Charter

Tue, 22nd Sep 2015 09:05

LONDON (Alliance News) - BT Group PLC's Chief Executive Officer Gavin Patterson set out the company's future strategy in Britian, including aims for a universal minimum broadband speed of 5-10 megabits per second, aims to go beyond the UK's current plans to cover 95% of premises with fibre broadband, and a new 'Openreach charter' to address customer service issues.

At a conference in London, Patterson committed to BT's support for the UK government in delivering a universal minimum broadband speed, and pledged the company would introduce a satellite broadband service for some of the UK's more remote premises by the end of the year.

The company plans to go beyond the UK government's current target of 95% fibre availability, as a result of what it called "success dividend" clauses in contracts covering rollout co-funded by BT, Whitehall and local councils, which mean BT has to reinvest or return money if take0up exceeds certain levels in areas where public funds have been used. GBP130 million is already being released and "is potentially available to get the UK towards having fibre available at 96% of premises," BT said.

BT has come under some regulatory pressure as part of UK telecoms regulator Ofcom's ongoing strategic review of digital communications. In particular, Ofcom earlier this year put the potential separation of BT's infrastructure division, Openreach, on the table. Competitors have called for the division to be separated from BT in the past over concerns surrounding the fairness of BT both running services and controlling the infrastructure over which the services are run.

Last Friday Sky PLC's Chief Strategy Officer Mai Fyfield, writing in The Telegraph, accused BT of damaging broadband customer service and reliability by failing to invest.

The chief executive of the Openreach division, Joe Garner, Tuesday said there was more to do on service, and set out an ambition to exceed Ofcom's 2017 minimum standards for delivering new connections on time by 6%. Openreach is introducing a new service called 'View My Engineer', which gives customers text progress updates, their Openreach engineer's name and mobile number.

Additionally, Garner highlighted the issue that customers often cannot directly deal with Openreach, only their retail broadband provider, said he is open to Openreach dealing directly with end-customers, subject to consultation with Ofcom and telecom providers.

Patterson noted the need for "a supportive regulatory and government policy environment to bring about a commercially viable investment."

"We want to forge an ultrafast future for Britain and stand ready to help government deliver the broadband speeds necessary for every property to enjoy modern day internet services, such as high definition TV streaming and cloud computing. To achieve this, we need a collaborative effort across industry and government," Patterson said in a statement.

Shares in BT were down 1.2% at 408.60 pence.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
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.

Read more
22 May 2023 07:17

Broker tips: BT Group, Hill & Smith

(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".

Read more
19 May 2023 12:14

LONDON MARKET MIDDAY: European equities up on hopes of US debt deal

(Alliance News) - Stock prices in London were higher at midday on Friday, with markets upbeat following a positive consumer confidence reading in the UK and amid growing hopes of a debt ceiling deal in the US.

Read more
19 May 2023 09:07

LONDON BROKER RATINGS: RBC raises St James's Place to 'outperform'

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

Read more
18 May 2023 17:27

European stocks climb on U.S. debt ceiling optimism

German DAX rallies to fresh Jan 2022 highs

*

Read more
18 May 2023 17:18

UK equities rise on upbeat global mood; Burberry, BT Group lag

Burberry down after reporting U.S. sales drop

*

Read more
18 May 2023 16:56

LONDON MARKET CLOSE: Stocks up and dollar boosted by hawkish Fed bets

(Alliance News) - London's FTSE 100 ended higher on Thursday, continuing a slightly up-and-down week, helped by a weaker pound, as a rally in the dollar on an unwinding of doveish Federal Reserve bets continuing.

Read more
18 May 2023 12:33

LONDON MARKET MIDDAY: Stocks and dollar up on US debt ceiling optimism

(Alliance News) - Stock prices in London were higher at midday on Thursday as growing confidence about US debt ceiling negotiations helped to lift market mood, buttressed by some strong individual shares performances from the likes of Aston Martin and Genuit.

Read more
18 May 2023 11:54

European stocks approach highs, but market questions disconnect

STOXX Europe 600 up 0.6%

*

Read more
18 May 2023 11:51

BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive

To cut jobs after fibre build-out ends

*

Read more
18 May 2023 09:22

TOP NEWS: BT to cut workforce by up to 40% as profit falls

(Alliance News) - BT Group PLC on Thursday said it will cut up to 55,000 jobs between by 2030, as it reported a decline in profit and revenue for its recent financial year.

Read more
18 May 2023 08:59

LONDON MARKET OPEN: BT shares fall as announces 55,000 jobs to be cut

(Alliance News) - European equities made headway at Thursday's open, though the FTSE 100 underperformed due to share price falls for BT and Burberry.

Read more
18 May 2023 08:08

CORRECT: Royal Mail parent suffers loss; Burberry sees growth

(Correcting spelling of name of new De La Rue chair.)

Read more
18 May 2023 07:55

LONDON BRIEFING: Royal Mail parent suffers loss; Burberry sees growth

(Alliance News) - Stocks in London were called higher on Thursday, as global markets switched to risk-on, following signs of progress on US debt negotiations.

Read more
18 May 2023 07:20

BT FY profits rise 5% in line with forecasts

(Sharecast News) - Shares in BT Group slumped as the UK telecoms giant said it planned to axe up to 55,000 jobs by 2030 and become a "leaner" business.

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.