BT Group PLC Response to OFCOM Statement (4182Q)
November 29 2016 - 4:05AM
UK Regulatory
TIDMBT.A
RNS Number : 4182Q
BT Group PLC
29 November 2016
Tuesday 29 November 2016
BT Group plc
Response to Ofcom statement
"We note Ofcom's announcement this morning, updating on the next
steps of the Digital Communications Review.
We put forward proposals in July that we believe are fair and
sustainable, and that meet Ofcom's objectives without
disproportionate costs. We are implementing these proposals, and
have just appointed Mike McTighe to be the first chairman of
Openreach. We are in discussions with Ofcom on two outstanding
issues, the reporting line of the Openreach CEO and the form of
legal incorporation.
We will continue to work with Ofcom to reach a voluntary
settlement that is good for customers, shareholders, employees,
pensioners and investment in the UK's digital future"
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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