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201.50 -0.10 (-0.05%)

Bid:

202.00

Ask:

202.20

Spread: 0.20 (0.099%)

Market Cap: £19.63b

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Response to OFCOM Statement

29 Nov 2016 09:05

RNS Number : 4182Q

BT Group PLC

29 November 2016

Tuesday 29 November 2016

BT Group plc

Response to Ofcom statement

"We note Ofcom's announcement this morning, updating on the next steps of the Digital Communications Review.

We put forward proposals in July that we believe are fair and sustainable, and that meet Ofcom's objectives without disproportionate costs. We are implementing these proposals, and have just appointed Mike McTighe to be the first chairman of Openreach. We are in discussions with Ofcom on two outstanding issues, the reporting line of the Openreach CEO and the form of legal incorporation.

We will continue to work with Ofcom to reach a voluntary settlement that is good for customers, shareholders, employees, pensioners and investment in the UK's digital future"

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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