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BT.A

BT Group

Telecommunications

Index
FTSE 100
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

BT Group is the UK's largest fixed-line telecommunications company and the owner of EE, one of the country's leading mobile networks. Openreach operates the national access network used by BT and many competing broadband providers.

02

Key activities

Fixed broadband, mobile services, business communications, network infrastructure, fibre deployment, wholesale access through Openreach and enterprise connectivity and managed technology services.

03

Key markets

Predominantly the United Kingdom, serving households, businesses, public-sector organisations and wholesale telecoms customers. Enterprise operations also retain selected international activities.

04

Key drivers

Full-fibre rollout, broadband take-up, mobile pricing and customer retention, Openreach connections, cost reduction, capital expenditure, regulatory decisions and conversion of network investment into free cash flow.

05

Key risks

Heavy capital requirements, intense telecoms competition, regulation of Openreach, price pressure, legacy network costs, cyber risk, pension obligations and slower-than-expected returns from fibre investment.

06

Recent Developments

23 July 2026: BT described its first quarter as a solid start to FY2027, with continued strategic momentum as Openreach extends full fibre and the group focuses increasingly on UK connectivity, simplification and cash generation.

07

Dividend notes

Pays interim and final dividends. FY2026 total dividend was 8.32p: the 2.45p interim was paid on 11 February 2026 and the 5.87p final went ex-dividend on 6 August, with payment due on 9 September.

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