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BT.A Bt Group Plc

105.45
0.00 (0.00%)
08 May 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
  0.00 0.00% 105.45 105.10 105.20 0.00 01:00:00
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 to Set up New Openreach Monitoring Unit

13/07/2017 9:17am

Dow Jones News


Bt (LSE:BT.A)
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By Ian Walker

 

LONDON--The U.K. Office of Communications said Thursday it is setting up a new dedicated Openreach monitoring unit to assess whether new governance rules are being observed, and whether Openreach is acting more independently of BT.

The move is part of a plan to ensure Openreach, BT Group PLC's (BT.A.LN) network unit, meets certain requirements and is accountable for its actions once it becomes legally separated from BT.

"Ofcom will closely monitor BT's compliance with its new commitments, and how effectively Openreach serves the whole industry. We will measure how far Openreach is improving its network and helping to deliver better quality of service," the regulator said.

It added that if the new Openreach wasn't working, or BT was failing to comply with its commitments, Ofcom would revisit the model and consider new measures to address any concerns.

BT agreed in March to separate Openreach into a distinct company with its own staff, management and strategy, and a legal purpose to serve all its customers equally.

 

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

July 13, 2017 04:02 ET (08:02 GMT)

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

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