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BT
Page 3 of BT news, latest stories & analysis
BT CEO urges PM Johnson to not rush into banning Huawei from the 5G network
In a statement on Monday, the chief executive officer Philip Jansen of BT Group (LON: BT.A) urged PM Johnson’s government to not rush into removing Huawei’s contribution in the countrywide 5G network. Such a move, he added, can result not only in outages but may also fuel security issues. BT…
July 13, 2020
BT Group to sell its stake in its wholly-owned network subsidiary Openreach
BT Group (LON: BT.A) said on Thursday that it is negotiating with infrastructure investors to sell its stake in Openreach. BT currently has a multi-billion-pound investment in the network subsidiary. The raised funds from the sale of its wholly-owned subsidiary, the company added, will be used to expand its presence…
May 15, 2020
BT suspends dividend to cut costs and increase investment in the UK’s full-fibre broadband network
In its statement on Thursday, BT Group (LON:BT.A) announced to have suspended its dividend that marks the company’s first in over a decade. The company also expressed plans of investing the saved money into building the next-generation full-fibre 5G broadband network across the United Kingdom. According to BT, its pre-tax…
May 9, 2020
O2 and Virgin media sign a £31.4 billion merger agreement to form a telecom giant in the UK
Earlier this week on Thursday, Spain’s Telefonica (EBR: TFA) and UK’s Liberty Global (NASDAQ: LBTYA) announced to have signed a £31.4 billion agreement to merge Virgin Media and O2 and introduce a new giant in the United Kingdom’s telecommunications industry. The two firms agreed to a 50-50 partnership. As per…
May 9, 2020
BT’s CEO pledges to donate his salary to the UK’s health workers for 6 months
The Coronavirus pandemic has disrupted businesses and pushed the global economy into recession. Numberless companies have resorted to job cuts to reduce expenditures amidst the ongoing health crisis aimed at sustaining the financial stature. Amidst all the chaos, however, the largest telecoms firm in the UK,…
April 6, 2020
Buy cheap shares to help boost your retirement fund
During any financial crisis, it is easy to panic and make short-term decisions. However, investors would do well to remember that opportunities exist in the market when prices are falling. Many people will turn to the safest options, such as government bonds when they sense fear in the air. Others…
March 18, 2020
FTSE 100 Index – Financial Events To Watch On Friday
Following the recent announcement by the Prime Minister of Ireland on Thursday, October 10th, 2019, that the negotiations are headed in the right direction and the chances for a Brexit deal between the United Kingdom (UK) and the European Union (EU) by the end of the month are getting…
October 11, 2019
BT share price: Telco gears up for Champions League rights auction
BT Group (LON:BT.A) is gearing up to defend its Champions League crown, with an auction for the television rights expected next month, The Telegraph has reported. European football became the backbone of BT Sport after the former telecoms monopoly outbid rivals in 2013. BT’s share price has fallen deep into…
September 23, 2019
BT share price: UBS points to ‘significant uncertainties’
UBS has pointed to ‘significant uncertainties’ for BT Group (LON:BT.A) which continue to cloud the telecoms giant’s future, Proactive Investors reports. The comments came as the broker reaffirmed its ‘neutral’ stance on the company yesterday. BT’s share price, which came under pressure in the previous session, has advanced in London…
September 11, 2019
BT share price: Numis remains bullish on telco
Numis argues that BT Group (LON:BT.A) is ‘totally mispriced’ as it has scope to roll out fibre to the premises (FTTP) to 15 million homes by mid-2020, Citywire reports. The comments came as the broker reaffirmed its rating and target on the share price. BT’s share price rose 0.9 percent…
September 3, 2019
Vodafone share price: Mobile carrier appeals relaxed price restrictions on BT business fibre
Vodafone Group Plc (LON:VOD) is trying to overturn a move by the UK’s communications watchdog that will relax restriction on how much BT Group Plc (LON:BT) can charge for its business fibre connections, Reuter has reported. The mobile carrier argues that the move will result in…
August 30, 2019
BT share price: Telco to scrap US listing
BT Group (LON:BT) has moved to scrap its listing on the New York Stock Exchange as it looks to trim costs, the former telecoms monopoly has said. The update comes after the blue-chip telco recently posted its first-quarter results, revealing a fall in revenue and profits. BT’s share price…
August 14, 2019
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