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BT.A Bt Group Plc

104.70
1.55 (1.50%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bt Group Plc LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.55 1.50% 104.70 105.15 105.20 105.25 103.45 103.55 18,300,547 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phone Comm Ex Radiotelephone 20.92B 1.91B 0.1916 5.49 10.46B

Ofcom Proposes Lower Charges For BT's Openreach

31/03/2017 7:57am

Dow Jones News


Bt (LSE:BT.A)
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By Rory Gallivan

 

LONDON--The U.K.'s communications regulator Friday said it plans to cut the price telecommunications company BT Group PLC's (BT.A.LN) infrastructure business Openreach can charge other telecoms companies for its high speed broadband network.

Ofcom plans to reduce the charge from 88.80 pounds ($111) a year to GBP52.77 by 2020-21. The reduction will likely be passed on to telecoms companies' customers, leading to lower bills, Ofcom said.

Earlier this month BT reached an agreement with Ofcom that will result in Openreach, which provides cable infrastructure for BT and other telecoms companies, becoming a legally separate company with its own board and management.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

March 31, 2017 02:42 ET (06:42 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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