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    BT.A   GB0030913577

BT GROUP PLC

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UK's Ofcom Completes 5G Spectrum Auction, Raising GBP1.38 Billion

04/27/2021 | 01:11am EDT

By Adria Calatayud

U.K. communications regulator Ofcom said Tuesday that the remaining stages of an auction for spectrum expected to support the rollout of 5G connectivity have been completed, raising 1.38 billion pounds ($1.92 billion) in total.

Ofcom said an additional GBP23 million were raised in the assignment stage, on top of the GBP1.36 billion paid by bidders BT Group PLC, Vodafone Group PLC, Telefonica SA and CK Hutchison Holdings Ltd. in the principal stage of the auction.

"This additional spectrum will also support the ongoing launch of new 5G connections for people and businesses. Importantly, the bidders also have the flexibility to make trades, so they can optimise use of the spectrum they have won in the auction with their existing airwaves," Ofcom Spectrum Group Director Philip Marnick said.

Telefonica and Vodafone have entered into an agreement to negotiate spectrum positions, Ofcom said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

04-27-21 0311ET

Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP PLC 5.70% 143.75 Delayed Quote.8.32%
CK HUTCHISON HOLDINGS LIMITED -0.19% 52.8 End-of-day quote.-2.40%
DJ INDUSTRIAL 0.04% 35756.88 Delayed Quote.16.57%
TELEFÓNICA, S.A. -0.25% 3.813 Delayed Quote.17.50%
VODAFONE GROUP PLC 1.70% 112.6 Delayed Quote.-6.93%
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Analyst Recommendations on BT GROUP PLC
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Financials
Sales 2022 21 024 M 28 954 M 28 954 M
Net income 2022 1 587 M 2 186 M 2 186 M
Net Debt 2022 18 427 M 25 378 M 25 378 M
P/E ratio 2022 8,84x
Yield 2022 5,13%
Capitalization 14 196 M 19 568 M 19 551 M
EV / Sales 2022 1,55x
EV / Sales 2023 1,57x
Nbr of Employees 99 700
Free-Float 74,2%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 143,25 GBX
Average target price 188,04 GBX
Spread / Average Target 31,3%
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Managers and Directors
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Ulrica Fearn Group Finance Director
Jan Petrus du Plessis Chairman
Howard Watson Chief Technology Officer
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