BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

112.50p
   
  • Change Today:
      0.30p
  • 52 Week High: 150.30
  • 52 Week Low: 102.30
  • Currency: UK Pounds
  • Shares Issued: 9,952m
  • Volume: 2,424,607
  • Market Cap: £11,196m
  • RiskGrade: 170

BT's Openreach to delay pricing plan after Ofcom probe delay

By Frank Prenesti

Date: Friday 17 Mar 2023

LONDON (ShareCast) - (Sharecast News) - UK communication regulator Ofcom has delayed the conclusion of its investigation into a new BT Openreach broadband pricing plan by two months.
Openreach confirmed on Friday that it will hold back the launch of its Equinox 2 pricing deal as a result.

Ofcom's probe finished on March 4, and it had planned to make a final ruling by the end of the month, but said it had received a number of detailed responses to the consultation, some of which raised "issues which require further assessment".

"To provide certainty and stability for industry, our view is that it would not be appropriate for the offer to launch until we issue our final decision," the regulator said.

A provisional assessment indicated that the plan to offer discounted rates on Openreach's fibre broadband products did not raise competition concerns.

An Openreach spokesman said: "Whilst we continue to share Ofcom's initial view that our offer isn't anti-competitive, it's important the regulator has time to consider all the feedback it has received fully and fairly, so our discounted Full Fibre prices won't come into effect on April 1."

"That said, we don't think customers should be forced to pay higher prices because of this delay so, if Ofcom's initial assessment is confirmed in May, we'll ensure our customers benefit from Equinox 2 pricing from April 1."

"Our offer is a response to customers, who want lower prices and long-term certainty to help them switch to faster, more reliable broadband connections."

Reporting by Frank Prenesti for Sharecast.com

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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 112.50p
Change Today 0.30p
% Change 0.27 %
52 Week High 150.30
52 Week Low 102.30
Volume 2,424,607
Shares Issued 9,952m
Market Cap £11,196m
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.48% above the market average45.48% above the market average45.48% above the market average45.48% above the market average45.48% 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
Price Trend
55.95% below the market average55.95% below the market average55.95% below the market average55.95% below the market average55.95% 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
87.14% above the market average87.14% above the market average87.14% above the market average87.14% above the market average87.14% 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
75.18% below the market average75.18% below the market average75.18% below the market average75.18% below the market average75.18% 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

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BT Dividends

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  Interim Final
Ex-Div 28-Dec-23 03-Aug-23
Paid 02-Feb-24 13-Sep-23
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BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
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