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Share Price Information for BT (BT.A)

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Share Price: 105.40
Bid: 105.25
Ask: 105.35
Change: -0.60 (-0.57%)
Spread: 0.10 (0.095%)
Open: 105.80
High: 107.50
Low: 105.15
Prev. Close: 106.00
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Tribunal to begin hearing GBP1.3 billion BT compensation case

Mon, 29th Jan 2024 06:33

(Alliance News) - A class action trial seeking GBP1.3 billion in compensation from BT Group PLC for more than three million customers is due to begin.

Customers could be in line for between GBP300-400 depending on the length of their contract with BT if Collective Action on Land Lines, or Call, founder Justin Le Patourel is successful.

After a series of appeals, the case is now proceeding to a full trial at the Competition Appeal Tribunal.

In 2017, watchdog Ofcom said that BT had unfairly charged millions of landline customers from 2015 after an investigation.

At the time, BT agreed to reduce the price of its landlines.

However, Le Patourel took the issue to the Competition Appeal Tribunal as he believed the telecoms provider owed compensation payments, arguing that many customers were vulnerable and were owed refunds.

Le Patourel said: "We believe BT has been systematically overcharging millions of customers over many years, and those customers could be owed hundreds of pounds each.

"Time really is of the essence. More than 40% of our claimants are aged over 70, and over 150 of them are dying every day. It really is vital that BT should refund every one of them as soon as possible."

A BT spokesperson said: "We take our responsibilities to customers very seriously and are dedicated to keeping our customers connected, while helping those who need it most.

"This claim relates to a technical landline pricing issue which was resolved by Ofcom in 2017.

"We do not accept that our pricing was anti-competitive back then, and as such are committed to robustly defending our position at trial."

By Josie Clarke, PA Consumer Affairs Correspondent

source: PA

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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.

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14 Dec 2023 21:56

DIRECTOR DEALINGS: Baltic Classifieds CEO sells GBP9 million in shares

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14 Dec 2023 16:40

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12 Dec 2023 18:06

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12 Dec 2023 16:55

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12 Dec 2023 16:00

London close: Stocks slip as investors digest US inflation

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12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

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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.

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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.

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12 Dec 2023 09:58

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

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12 Dec 2023 09:28

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Ofcom proposes ban on inflation-linked price rises

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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.

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