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Pin to quick picksGamma Communications Share News (GAMA)

Share Price Information for Gamma Communications (GAMA)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 1,468.00
Bid: 1,476.00
Ask: 1,480.00
Change: -8.00 (-0.54%)
Spread: 4.00 (0.271%)
Open: 1,480.00
High: 1,500.00
Low: 1,468.00
Prev. Close: 1,476.00
GAMA Live PriceLast checked at -

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BT hangs up on new copper lines on its Openreach UK network

Tue, 05th Sep 2023 11:35

LONDON, Sept 5 (Reuters) - Britain's BT stopped selling new voice copper telephone lines on its Openreach national network after more than a century, marking a milestone in its journey to a full fibre digital network.

BT in 2017 signalled its intention to retire the copper-based public switched telephone network (PSTN) by the end of 2025.

"As part of this whole process, we're now taking the significant step of ending the sale of new analogue services across the UK," Openreach said in a blog post on Tuesday.

"That means from today, when customers sign up for a new contract - or when they switch, upgrade or re-grade their service via their provider - they'll be moved onto a new digital line rather than an analogue one."

Britain's Gamma Communications said the impending PSTN switch-off was driving early growth in its cloud-based PhoneLine+ product, which can replace the simple single line used by small businesses.

Gamma Chief Executive Andrew Belshaw said demand was increasing, but making the change was not a high priority for busy business owners, such as plumbers.

"One of the things we need to do is make sure that our customers get it a little bit higher up their list, so they're not caught out in a couple of years' time," he said in an interview after the company reported a 13% rise in first-half pretax profit.

"There's no reason you can't start switching now."

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(Sharecast News) - Natwest Group: JP Morgan downgrades to neutral.

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DIRECTOR DEALINGS: Gamma Communications Non-Execs Buy 4,000 Shares

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UK Dividends Calendar - Next 7 Days

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(Sharecast News) - Gamma Communications revealed on Thursday that non-executive director Andrew Stone had disposed of 100,000 shares in the AIM-listed communications provider.

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