BT facing fines over Openreach repair targets June 26, 2014 British telecoms giant BT could face fines if it does not meet new targets to repair its extensive UK telephone and broadband network, Ofcom said yesterday. New rules that come into force on Monday require BT’s Openreach infrastructure division to fix 70 per cent of faults – in the network used by BT’s own customers, [...]
BT jumps after Ofcom quashes fibre complaint June 19, 2014 OFCOM yesterday cleared BT over claims it had priced its flagship superfast broadband too high, boosting BT’s shares by almost two per cent. TalkTalk had complained that BT was abusing its dominant position in the way it priced its wholesale offering. BT offers its own broadband service to consumers, as well as charging rival operators [...]
BT leads the FTSE 100 fallers on pension and regulation fears June 16, 2014 TELECOMS group BT dragged the FTSE 100 index down yesterday on concerns that it will be hit by an increase in its pension deficit and that Ofcom is preparing to crackdown on its wholesale pricing of superfast broadband. BT’s shares dropped 2.4 per cent, the biggest individual faller on the FTSE 100, with traders citing [...]
London Report: FTSE falls on BT pension fears and builders June 16, 2014 BRITAIN’S top share index slipped yesterday as concerns about a large increase in its pension deficit hit BT Group, while housebuilders extended their recent sell-off on prospects of a UK rate hike. BT fell 2.4 per cent, one of the biggest drags on the FTSE 100. Traders cited a Sunday Times report which said that [...]
London Report: BT falls on Sky’s sports news as FTSE closes flat June 10, 2014 AFTER two days of gains in which the FTSE 100 moved ever closer to its record high, London’s main share index yesterday dipped slightly as warring pay TV broadcasters dragged on the index. The London market closed on 6873.55, down 1.45 points or 0.02 per cent. BT Group fell 2.36 per cent to 396.50, the [...]
BT lifts dividend as £2bn TV sport move pays off May 8, 2014 DEMAND for fibre broadband and television, driven by BT’s aggressive £2bn investment in sports content, led the telecoms giant to beat expectations in its full-year results yesterday and hike its dividend by 15 per cent to 10.9p. Chief executive Gavin Patterson promised BT would continue with its strategy of buying premium sports TV rights and [...]
BT shares jump as consumer revenue grows for the first time in a decade May 8, 2014 BT shares have climbed over three per cent after the telecoms giant reported its first growth in consumer revenues for over ten years. The company enjoyed a rise in profit before tax of six per cent to £2.8bn for the year ended 31 March. The group benefitted from a healthy demand for fibre broadband. BT [...]
Sky’s costs soar as battle with BT Sport weighs May 1, 2014 BSKYB’S battle with BT continued to take its toll on the pay-TV broadcaster during the nine months to March as profits tumbled 8.5 per cent to £910m amid higher advertising and programming costs. While the broadcaster added 74,000 new television customers during the three months to March, its total customer base grew by only 68,000, [...]
BT extends free TV sport offering until 2015 for its 5m subscribers April 30, 2014 BT’S BROADBAND customers will get free BT Sport channels for another year after the company said it has no plans to charge over the next sporting season. The telecoms giant yesterday announced that its sports coverage, for which it has invested around £2bn on securing sporting rights, will continue to be free for new and [...]
BT poaches Sky exec to lead TV and sport push April 7, 2014 TELECOMS giant BT has hired a veteran Sky executive to head up its TV and Sport operations, just two weeks after the division underwent a restructuring that pushed its former television chief out. BT will announce today that Sky Italia’s commercial chief Delia Bushell will join the company in July as manager of BT TV [...]