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BT.A Bt Group Plc

103.85
1.25 (1.22%)
01 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
  1.25 1.22% 103.85 103.80 103.90 109.05 102.85 103.90 25,476,789 16:29:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phone Comm Ex Radiotelephone 20.92B 1.91B 0.1916 5.42 10.33B

UK Communications Watchdog Fines BT Over Northern Ireland Tender -- Update

11/12/2020 4:27pm

Dow Jones News


Bt (LSE:BT.A)
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From May 2019 to May 2024

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   By Adria Calatayud 
 

U.K. communications regulator Ofcom said Friday that it has fined BT Group PLC 6.3 million pounds ($8.4 million) for failing to meet regulatory obligations during the tender for a public sector telecoms contract in Northern Ireland.

The regulator said BT's network arm didn't provide the same network information to bid teams from BT and telecom company eircom Group Ltd. in a tender between April 2017 and March 2018, as required under Ofcom rules. BT's bid won the contract in June 2018, the regulator said.

Ofcom said it doesn't believe that the breaches it found were deliberate, and that its fine was reduced to reflect BT's agreement to settle the investigation by admitting full liability. BT and its Openreach arm cooperated with Ofcom's investigation, the regulator said.

"We are considering our options in light of today's decision and BT's admission of liability," Philip O'Meara, regional director of eir Business Northern Ireland, said.

A BT spokesperson said the company cooperated with and accepted Ofcom's findings, and that it has already put measures in place to prevent its errors from happening again.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

December 11, 2020 11:12 ET (16:12 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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