focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 134.25
Bid: 133.60
Ask: 133.65
Change: 1.65 (1.24%)
Spread: 0.05 (0.037%)
Open: 132.70
High: 135.50
Low: 132.50
Prev. Close: 132.60
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
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
7 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks muted amid pre-US jobs data nerves

(Alliance News) - London's FTSE 100 was slightly lower early on Thursday afternoon, with the mood in global markets cautious as investors eagerly anticipate Friday's US jobs data.

Read more
7 Dec 2023 10:16

LONDON BROKER RATINGS: JPMorgan lowers IAG; Exane BNP cuts Vodafone

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

Read more
5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

Read more
4 Dec 2023 10:10

LONDON BROKER RATINGS: HSBC likes Softcat; Jefferies cuts Future

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

Read more
27 Nov 2023 17:08

LONDON MARKET CLOSE: Downbeat China data hurts exposed FTSE 100 stocks

(Alliance News) - Stock prices in London closed down on Monday, as underwhelming industrial data from China hurt Asia-exposed stocks and oil majors, while new homes figures in the US also disappointed.

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.