BT Share Price: Cooperation on Call Recording with Truphone Announced

on Sep 10, 2013
Listen Tuesday, September 10th: BT Group (LON:BT.A) yesterday announced it would work jointly with global mobile operator Truphone to market a recording service for mobile devices to support US firms’ compliance with new financial markets regulations called for by the Dodd-Frank Wall Street Reform Act.

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According to the act all companies doing business with U.S. organizations for certain regulated trading activities are obliged to keep records of all communications from mobile devices leading to a trade for a year and in a retrievable format that can be easily searched.
According to BT’s estimations the Dodd-Frank Act and similar future regulations could cover between 50,000 and 70,000 mobile phone subscribers in the U.S. In the joint business BT will be contributing with its experience in offering similar services in its domestic market, while Truphone will provide its Mobile Recording services.

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“BT’s knowledge and experience of helping financial institutions address their global compliance and regulation obligations, combined with the power of Truphone’s solution, means we are ideally placed to help our customers,” said Tom Regent, BT’s global banking & financial markets president.

**Wider Broadband**
BT has won another high-profile contract under the Broadband Development UK (BDUK) programme to deliver superfast broadband.
The new contract, worth £22 million, is for the county of West Yorkshire and is intended to provide 97 percent of households and businesses across the county with high-speed fibre broadband, as well as additional 2Mbps broadband to the remaining three percent.

BT’s share in the investment is £12.6 million to be allocated to deploying fibre in residential areas. Leeds City Council, Bradford Metropolitan District Council, Wakefield Council and Calderdale council will work alongside BT to deliver the project, contributing £970,000 to ensure that the service comes to commercial areas as well. £4.62 million will be granted from the government’s BDUK fund, and the final £3.79 million will come from the EU’s European Regional Development Fund (ERDF)

!m[UK Group Wins Another BDUK Contract](/uploads/story/5374/thumbs/pic1_inline.png)
Commenting on the importance of the project Councillor Keith Wakefield, chair of the Association of West Yorkshire Authorities (AWYA) said: “I encourage all businesses and residents in the region to take full advantage of this exciting opportunity and put West Yorkshire on the superfast map.”
The contract is part of BT’s push to roll out fibre broadband to two-thirds of the UK by 2014. The company is expected to complete another five deals before the end of the year. BT’s domination in the BDUK programme, however, has provoked MPs concern, as the company has won every contract under the initiative so far.
In the early afternoon today investors traded BT shares 1.3 percent higher in London.
**As of 13.05 BST buy BT shares at 348.00p.**
**As of 13.05 BST sell BT shares at 347.80p.**

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