Investors would normally be forgiven for paying little attention to communications regulator Ofcom, but shareholders of BT Group (LSE: BT) should be ecstatic at today's long-awaited release of the report on the future of Openreach, the subsidiary that ...
Shares in BT Group (LSE: BT-A) rose sharply yesterday after Ofcom decided that it would not force BT to entirely spin-off its BT Openreach division that manages the country's Internet infrastructure - seemingly to the relief of its investors.
At 389p, BT Group's(LSE: BT.A) shares are off 18% since January. The firm's fibre broadband rollout has helped give the shares a good run up over recent years, but there's a degree of cyclicality in the business model.
BT Group plc(LON:BT.A) share price has bounced back and forth this week and is back down again on Wednesday. The stock had been back on the rise on Tuesday, after picking up momentum late on Monday afternoon.