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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 |
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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