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BT.A Bt Group Plc

109.65
0.40 (0.37%)
28 Mar 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
  0.40 0.37% 109.65 109.65 109.70 110.50 109.20 110.00 19,042,886 16:29:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phone Comm Ex Radiotelephone 20.92B 1.91B 0.1916 5.72 10.9B

Ofcom Proposes Cap on BT's Physical Infrastructure Charges

01/08/2017 10:20am

Dow Jones News


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By Razak Musah Baba

 

LONDON--The U.K.'s telecommunications regulator is proposing a cap on rental charges that BT PLC's (BT.A.LN) Openreach arm can charge for access to its physical infrastructure.

The U.K. Office of Communications said Tuesday the proposed pricing cap for access to BT's duct and pole infrastructure, aims to increase certainty and predictability for investors.

"We are consulting on the methodology proposed to calculate maximum charges, based on Openreach's current price calculation methodology. We anticipate this would also result in material reductions for the majority of rental charges," Ofcom said.

The consultation closes on the Sept. 12 and Ofcom expects to publish a statement in early 2018, with new measures taking effect on April 1, 2018.

 

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

 

(END) Dow Jones Newswires

August 01, 2017 05:05 ET (09:05 GMT)

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

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