BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

138.25p
   
  • Change Today:
    -1.50p
  • 52 Week High: 150.55p
  • 52 Week Low: 102.30p
  • Currency: UK Pounds
  • Shares Issued: 9,955m
  • Volume: 15,790,408
  • Market Cap: £13,763m
  • RiskGrade: 170

Ofcom rules BT's Openreach price plan not anti-competitive

By Abigail Townsend

Date: Friday 03 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Ofcom said on Friday it was minded to back BT Group's planned Openreach wholesale prices, arguing they were not anti-competitive.
The telecoms group informed the regulator in December of its proposed pricing for full-fibre services, known as the Equinox 2 offer. BT wants broadband providers to move from slower copper connections to ultrafast end-to-end fibre, and is offering discounts to encourage the switch.

Ofcom said that having reviewed the proposed offering, including taking into account the interests of customers as well as the impact on competitors and retail broadband providers, its provisional view was that it would not stop Openreach introducing Equinox 2.

It continued: "We consider that the offer is not anti-competitive and is consistent with the results we consulted on before introducing them under our market review in 2021."

A consultation will now follow the provisional finding, however, with Ofcom's final decision due at the end of March.

"We are alive to the concerns of some market participants that Openreach's practice of amending its full-fibre prices could act as a barrier to competitors' entry and expanding in the market," Ofcom noted.

BT is currently building what will be the UK's biggest fibre to the premises network. Mark Shurmer, managing director of regulatory affairs at Openreach, said Ofcom's provisional decision was "good news", adding: "Our customers wanted sharper pricing to help them update to faster, more reliable broadband connections."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BT Market Data

Currency UK Pounds
Share Price 138.25p
Change Today -1.50p
% Change -1.07 %
52 Week High 150.55p
52 Week Low 102.30p
Volume 15,790,408
Shares Issued 9,955m
Market Cap £13,763m
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.63% above the market average76.63% above the market average76.63% above the market average76.63% above the market average76.63% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
74.03% above the market average74.03% above the market average74.03% above the market average74.03% above the market average74.03% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 1
Strong Sell 1
Total 18
buy
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BT Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Aug-24 28-Dec-23
Paid 11-Sep-24 02-Feb-24
Amount 5.69p 2.31p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 6,624 @ 138.25p
16:35 29,411 @ 138.25p
16:35 8,113 @ 138.25p
16:35 45,829 @ 138.25p
16:35 73,489 @ 138.25p

BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
Chair Adam Crozier

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