BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

105.00p
   
  • Change Today:
      0.30p
  • 52 Week High: 158.85
  • 52 Week Low: 102.30
  • Currency: UK Pounds
  • Shares Issued: 9,952m
  • Volume: 14,805,893
  • Market Cap: £10,449m
  • RiskGrade: 170

BT asks UK govt for more time on Huawei ban

By Frank Prenesti

Date: Wednesday 29 Jun 2022

LONDON (ShareCast) - (Sharecast News) - BT said it had requested an extension to the UK government's deadline for removing Huawei equipment from its network, after the Chinese company's equipment was banned due to data security concerns.
BT, which has said the removal of the equipment from its core network where personal data is processed would cost it £500m, has lodged a request with the Department for Digital, Culture, Media and Sport.

British Prime Minister Boris Johnson banned the use of Huawei parts two years ago, calling the Chinese firm a "high-risk vendor". Telecoms operators in the UK were given until next January to remove all Huawei equipment from the most sensitive core networks and reduce use in non-core parts of the network to 35%.

"We are continuing to work towards the January 2023 deadline for that work to happen in our core, but have requested a necessary, short extension, to reflect significant Covid-driven impacts to the programme over the past two years," BT said.

A further ban, on the use of Huawei equipment in the introduction of the UK's 5G network, must be complied with by 2027.

"We continue to liaise with DCMS and the National Cyber Security Centre (NCSC) to ensure our programme can be completed as quickly and safely as possible, and remain confident that the final 2027 deadline for delivering new equipment throughout the 5G network is achievable," the Guardian newspaper quoted BT as saying.

"At the end of the day, not interrupting service for customers is the critical requirement here," said Howard Watson, BT's chief technology officer, speaking to Bloomberg.

Email this article to a friend

or share it with one of these popular networks:


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 105.00p
Change Today 0.30p
% Change 0.29 %
52 Week High 158.85
52 Week Low 102.30
Volume 14,805,893
Shares Issued 9,952m
Market Cap £10,449m
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.40% above the market average47.40% above the market average47.40% above the market average47.40% above the market average47.40% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
55.59% below the market average55.59% below the market average55.59% below the market average55.59% below the market average55.59% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
87.73% above the market average87.73% above the market average87.73% above the market average87.73% above the market average87.73% 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
75.62% below the market average75.62% below the market average75.62% below the market average75.62% below the market average75.62% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 5
Buy 7
Neutral 2
Sell 1
Strong Sell 2
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BT Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Dec-23 03-Aug-23
Paid 02-Feb-24 13-Sep-23
Amount 2.31p 5.39p

Trades for 26-Apr-2024

Time Volume / Share Price
16:37 12,599 @ 105.00p
16:35 6,033,106 @ 105.00p
16:35 18,033 @ 105.00p
16:35 16,156 @ 105.00p
16:35 2,209 @ 105.00p

BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
Chair Adam Crozier

Top of Page