Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBT Regulatory 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: 104.70
Bid: 105.15
Ask: 105.20
Change: 1.55 (1.50%)
Spread: 0.05 (0.048%)
Open: 103.55
High: 105.25
Low: 103.45
Prev. Close: 103.15
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

Openreach announces new long-term FTTP pricing

1 Jul 2021 07:00

RNS Number : 8017D
BT Group PLC
01 July 2021
 

1 July 2021

 

Openreach announces special offer for Communications Providers to drive adoption of Full Fibre broadband

Openreach has announced a special offer for its wholesale Communications Provider (CP) customers which gives them long-term price certainty on its FTTP (Fibre-to-the-Premises) technology. Openreach is seeking to drive widespread adoption of ultrafast, ultra-reliable full fibre broadband.

The new offer has been developed after extensive engagement with its customers and aims to encourage adoption of the new technology through the following set of principles:

· Commitment: where CPs choose to purchase from Openreach they commit to using FTTP wherever it's available (including new provides and technology regrades) - rather than older services such as those based on Fibre-to-the-Cabinet or purely copper technology - with no volume or migration targets.

· Pricing certainty: Openreach will give pricing certainty for up to 10 years in return for this 'stop-sell' commitment

· Simplicity: A single national rental price will apply to the entire Openreach FTTP footprint

· Competitive prices: Prices will be competitive whilst offering a fair return for Openreach. CPs can tailor offers across a range of speed tiers and take-up of higher bandwidths will be encouraged with further rebates, whilst pricing is set by Ofcom on the lowest speed tier (40Mbps upstream, 10Mbps downstream).

The offer will be open for participation between 1st October 2021 and 30th March 2022. The long-term pricing certainty will last until 30th September 2031 and be available across the entire FTTP footprint. Discounts are available to CPs where they choose to place new orders with Openreach and commit to making a percentage of those on the FTTP network, where available.

Katie Milligan, Managing Director of Customer, Commercials and Propositions at Openreach said: "Nobody's building Full Fibre broadband faster, further, or at a higher quality than Openreach, and we're well on track to reach 25 million premises by December 2026.

"At the same time we're determined to make Full Fibre the default option for customers throughout the UK, so we've been working closely with Communications Providers to offer simple and competitive pricing which gives them the long-term certainty and flexibility they need.

"We believe this offer makes Full Fibre a must-have for every home and business, and it means more people could start benefitting from our most revolutionary and reliable broadband sooner."

More than one million homes and businesses have now ordered ultrafast, ultra-reliable full fibre broadband over the Openreach network. BT is investing £15 billion to build the gigabit-capable technology to 25 million UK premises by December 2026 and it's making the technology available to 43k premises every week, with more than five million homes and businesses already able to place an order.

For pricing, see 'Notes to Editors' below and full terms & conditions of the special offer are provided on our web site.

-ENDS-

For further information

Enquiries about this story can be made to the Openreach PR team on 020 7809 7950 or email: press@openreach.co.uk.

 

All news releases can be accessed on our web site.  Or you can follow us on Twitter, Facebook or LinkedIn for the latest Openreach news and opinion.

 

Notes to Editors

 

Pricing [Simplified version]

Feature

Connection charge on 01/10/2021

(From 1/4/2022, annually indexed at higher of CPI and 0%)

Monthly rental on 01/10/2021

Annual rental indexation from 1/4/2022

40/10 Mbit/s

In residential, Area 2 premises:

£25.00 for new to network

£50.00 for non-new to network

 

In other premises:

£99.39

 

£13.93

Per list price

55/10 Mbit/s or 80/20 Mbit/s

£14.75

Defined by 40/10 Mbit/s price increase

115/20 Mbit/s

£15.50

160/30 Mbit/s

£16.20

CPI-1.25% or 0% whichever is highest

220/30 Mbit/s

£18.00

330/50 Mbit/s

£19.00

550/75 Mbit/s

£20.00

1000/115 Mbit/s

£22.00

 

- *Area 2 is a new "potentially competitive area" definition (part of the Wholesale Fixed Telecoms Market Review 2021-26) that generally reflects locations where one or more existing alternative ultrafast networks are already present or where one or more operators have a plan to deploy (and Ofcom considers the future rollout could be economic).

- Further terms & conditions apply.

 

About Openreach 

Openreach Limited is the UK's digital network business.

We're more than 35,000 people, working in every community to connect homes, schools, shops, banks, hospitals, libraries, mobile phone masts, broadcasters, governments and businesses - large and small - to the world.

Our mission is to build the best possible network, with the highest quality service, making sure that everyone in the UK can be connected.

We work on behalf of more than 665 communications providers like BT, SKY, TalkTalk, Vodafone, and Zen, and our broadband network is the biggest in the UK, passing more than 31.8m premises.

Over the last decade we've invested more than £15 billion into our network and, at more than 190 million kilometres - it's now long enough to wrap around the world 4,798 times.

Today we're building an even faster, more reliable and future-proof broadband network which will be the UK's digital platform for decades to come. We're making progress towards our full fibre optic network target to reach 25 million premises by December 2026. Research shows a nationwide Full Fibre network could potentially provide a £59bn boost to UK productivity.

To help build the new fibre network and deliver better service across the country - we've created and filled more than 9,000 apprenticeship roles in the last two years and we're recruiting another 1,000 trainee roles in Openreach in 2021. We're also building greener - we operate the UK's second largest commercial fleet and want to help lead the transition to electric vehicles, with a target to transition our fleet to being electric in 2030. 

Openreach is a highly regulated, wholly owned, and independently governed unit of the BT Group. More than 90 per cent of our revenues come from services that are regulated by Ofcom and any company can access our products under equivalent prices, terms and conditions.

For the year ended 31 March 2021, we reported revenue of £5,244m. 

For more information, visit www.openreach.co.uk 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCUPUQPMUPGUAG
Date   Source Headline
15th Apr 202411:10 amRNSHolding(s) in Company
12th Apr 202410:20 amRNSHolding(s) in Company
28th Mar 20242:51 pmRNSDirector/PDMR Shareholding
28th Mar 202411:08 amRNSTotal Voting Rights
29th Feb 20242:30 pmRNSDirector/PDMR Shareholding
29th Feb 202412:28 pmRNSTotal Voting Rights
21st Feb 20248:30 amRNSBT Group announces sale of BT Tower to MCR Hotels
20th Feb 20242:30 pmRNSDirector/PDMR Shareholding
20th Feb 20242:30 pmRNSDirector/PDMR Shareholding
15th Feb 20241:38 pmRNSHolding(s) in Company
9th Feb 202411:15 amRNSDirector/PDMR Shareholding
7th Feb 202410:00 amRNSDirector/PDMR Shareholding
7th Feb 202410:00 amRNSDirector/PDMR Shareholding
7th Feb 202410:00 amRNSDirector/PDMR Shareholding
7th Feb 202410:00 amRNSDirector/PDMR Shareholding
1st Feb 20247:00 amRNSTrading update for nine months to 31 December 2023
31st Jan 202410:53 amRNSTotal Voting Rights
29th Jan 202410:26 amRNSBT Group plc Board change
8th Jan 202412:04 pmRNSDirectorate Change
29th Dec 20239:20 amRNSTotal Voting Rights
14th Dec 202311:00 amRNSDirector/PDMR Shareholding
30th Nov 20231:41 pmRNSTotal Voting Rights
27th Nov 20231:20 pmRNSStatement Regarding musicMagpie plc
24th Nov 20234:17 pmRNSDirector/PDMR Shareholding
14th Nov 20237:00 amRNSBT Group announces triennial pension valuation
2nd Nov 20237:00 amRNSHalf-year Report
31st Oct 20235:14 pmRNSTotal Voting Rights
17th Oct 20232:21 pmRNSDirector/PDMR Shareholding
16th Oct 202311:23 amRNSDirectorate Change
15th Sep 202312:49 pmRNSDirector/PDMR Shareholding
15th Sep 202312:39 pmRNSDirector/PDMR Shareholding
15th Sep 202312:19 pmRNSDirector/PDMR Shareholding
15th Sep 202312:14 pmRNSDirector/PDMR Shareholding
14th Sep 20237:21 amRNSDirector Declaration
8th Sep 20231:31 pmRNSDirector/PDMR Shareholding
31st Aug 20233:18 pmRNSTotal Voting Rights
25th Aug 20239:24 amRNSDirector/PDMR Shareholding
7th Aug 20233:30 pmRNSDirector/PDMR Shareholding - replacement
7th Aug 20232:02 pmRNSDirector/PDMR Shareholding
7th Aug 202311:51 amRNSDirector/PDMR Shareholding
4th Aug 20239:29 amRNSDirector/PDMR Shareholding
31st Jul 20232:03 pmRNSTotal Voting Rights
31st Jul 20237:00 amRNSAllison Kirkby to become BT Group Chief Executive
27th Jul 20237:00 amRNSTrading Statement
13th Jul 20234:33 pmRNSResult of AGM
10th Jul 20237:00 amRNSChief Executive succession process
30th Jun 20232:29 pmRNSTotal Voting Rights
29th Jun 20233:14 pmRNSDirector/PDMR Shareholding
27th Jun 20239:05 amRNSBT Group provides refreshed pro forma KPIs
16th Jun 20232:03 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.