|Bid||280.00 x 11700|
|Ask||289.95 x 349100|
|Day's range||280.80 - 286.75|
|52-week range||277.44 - 419.40|
|PE ratio (TTM)||9.66|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
British telecoms giant BT Group has agreed to legally separate its broadband unit Openreach to remedy concerns over competition in the sector, the company announced Friday. Created by BT in 2005, Openreach maintains tens of millions of copper and fibre lines connecting telephone exchanges to homes and businesses across the UK. As a result, about 32,000 employees will transfer to the new Openreach Limited in "one of the largest such transfers in UK corporate history", BT said in a statement.
BT shares dived by a fifth on Tuesday after the telecoms and TV group warned that profits would take a much larger hit than expected from accounting irregularities in Italy. An independent review of its Italian business uncovered improper accounting practices and a "complex set of improper sales, purchase, factoring and leasing transactions", BT said in a statement Tuesday. The net result was there has been an overstatement of earnings at BT's Italian business over a number of years, leading to the upwards revision in the value of the writedown.
Friday 30 December 2016 BT GROUP PLC TOTAL VOTING RIGHTS - MONTH-END DISCLOSURE BT Group plc confirms that on 30 December 2016 its capital consisted of 9,968,127,681 ordinary shares with voting rights. ...