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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BT Group plc    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
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BT : Says New UK 5G Compliance Costs Can Be Absorbed in Initial Estimates

07/14/2020 | 12:43pm EST

By Adriano Marchese

 

BT Group PLC said Tuesday that the costs of full compliance with removing Huawei Technologies Co. equipment from 5G communication networks in the U.K. can be absorbed in its initial estimated implementation cost.

The U.K. telecommunications company said it estimates full compliance with the revised proposals would require the removal and replacement of Huawei equipment from its existing mobile network, and exclude Huawei from the 5G network that the company continues to build.

This follows the U.K.'s Department for Digital, Cultural, Media & Sport proposal on the use of Huawei equipment in 5G and FTTP networks. The revised proposals intend to remove Huawei equipment from 5G communication networks in the country by the end of 2027, and consult on future use of the company's equipment in FTTP networks, BT Group said.

However, with clarity on the timing, the company said it is estimated these costs can be absorbed within its initial estimated implementation cost of 500 million pounds ($627.7 million).

The latter figure was announced in late January in order to comply with the previous proposal by the National Cyber Security Centre.

"Clearly this decision has logistical and cost implications for communications providers in the U.K. market--however, we believe the timescales outlined will allow us to make these changes without impacting on the coverage or resilience of our existing networks," Chief Executive Philip Jansen said.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

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Financials
Sales 2021 21 460 M 28 546 M 28 546 M
Net income 2021 1 480 M 1 968 M 1 968 M
Net Debt 2021 18 713 M 24 893 M 24 893 M
P/E ratio 2021 8,06x
Yield 2021 -
Capitalization 11 939 M 15 913 M 15 881 M
EV / Sales 2021 1,43x
EV / Sales 2022 1,42x
Nbr of Employees 105 300
Free-Float 86,2%
Chart BT GROUP PLC
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BT Group plc Technical Analysis Chart | BT.A | GB0030913577 | MarketScreener
Technical analysis trends BT GROUP PLC
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TrendsBullishBullishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 158,21 GBX
Last Close Price 1,21 GBX
Spread / Highest target 24 137%
Spread / Average Target 12 943%
Spread / Lowest Target 3 313%
EPS Revisions
Managers
NameTitle
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Jan Petrus du Plessis Chairman
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Howard Watson Chief Technology & Information Officer
Iain C. Conn Senior Independent Director
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