Promoting Competition and Investment in Fibre Networks: BT Regulatory Financial Reporting
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Vodafone Group Plc (VOD:LN)
Vodafone Group Plc (VOD:LN) Telecommunications/Telecommunication Services Price: 113.80 GBX Report Date: September 24, 2021 Business Description and Key Statistics Vodafone Group is a holding company. Through its subsidiaries, Current YTY % Chg Co. provides mobile and fixed telecommunication services including: access charges, voice and video calls, messaging, Revenue LFY (M) 37,330 -6.4 interconnect fees, fixed and mobile broadband and related services EPS Diluted LFY 0.00 such as providing televisual and music content, connection fees and equipment sales. Co. provides a range of mobile services, Market Value (M) 32,119 enabling customers to call, text and access data in Europe and Africa. Co. also provides mobile, fixed and a suite of converged Shares Outstanding LFY (000) 28,224,194 communication services to support its business customers, who Book Value Per Share 1.68 range from small home offices to large multinational companies, including Internet of Things, cloud and security, and carrier EBITDA Margin % 43.00 services. Net Margin % 0.3 Website: www.vodafone.com Long-Term Debt / Capital % 46.1 ICB Industry: Telecommunications Dividends and Yield TTM 0.04 - 3.50% ICB Subsector: Telecommunication Services Payout Ratio TTM % 100.0 Address: Vodafone House;The Connection Newbury 60-Day Average Volume (000) 72,962 GBR 52-Week High & Low 142.42 - 101.70 Employees: 96,506 Price / 52-Week High & Low 0.80 - 1.12 Price, Moving Averages & Volume 144.5 144.5 Vodafone Group Plc is currently trading at 113.80 which is 3.8% below its 50 day 138.9 138.9 moving average price of 118.35 and 10.3% below its 133.3 133.3 200 day moving average price of 126.88. -
Gigabit-Broadband in the UK: Government Targets and Policy
BRIEFING PAPER Number CBP 8392, 30 April 2021 Gigabit-broadband in the By Georgina Hutton UK: Government targets and policy Contents: 1. Gigabit-capable broadband: what and why? 2. Gigabit-capable broadband in the UK 3. Government targets 4. Government policy: promoting a competitive market 5. Policy reforms to help build gigabit infrastructure Glossary www.parliament.uk/commons-library | intranet.parliament.uk/commons-library | [email protected] | @commonslibrary 2 Gigabit-broadband in the UK: Government targets and policy Contents Summary 3 1. Gigabit-capable broadband: what and why? 5 1.1 Background: superfast broadband 5 1.2 Do we need a digital infrastructure upgrade? 5 1.3 What is gigabit-capable broadband? 7 1.4 Is telecommunications a reserved power? 8 2. Gigabit-capable broadband in the UK 9 International comparisons 11 3. Government targets 12 3.1 May Government target (2018) 12 3.2 Johnson Government 12 4. Government policy: promoting a competitive market 16 4.1 Government policy approach 16 4.2 How much will a nationwide gigabit-capable network cost? 17 4.3 What can a competitive market deliver? 17 4.4 Where are commercial providers building networks? 18 5. Policy reforms to help build gigabit infrastructure 20 5.1 “Barrier Busting Task Force” 20 5.2 Fibre broadband to new builds 22 5.3 Tax relief 24 5.4 Ofcom’s work in promoting gigabit-broadband 25 5.5 Consumer take-up 27 5.6 Retiring the copper network 28 Glossary 31 ` Contributing Authors: Carl Baker, Section 2, Broadband coverage statistics Cover page image copyright: Blue Fiber by Michael Wyszomierski. -
Statement: Ofcom's Plan of Work 2021/22
Ofcom’s plan of work 2021/22 Making communications work for everyone Ofcom’s plan of work 2021/22 – Welsh translation STATEMENT: Publication Date: 26 March 2021 Contents Section 1. Chief Executive’s foreword 1 2. Overview 3 3. Our goals and priorities for 2021/22 9 4. Delivering good outcomes for consumers across the UK 31 Annex A1. What we do 37 A2. Project work for 2021/2022 39 Plan of Work 2021/22 1. Chief Executive’s foreword Ofcom is the UK’s communications regulator, with a mission to make communications work for everyone. We serve the interests of consumers and businesses across the UK’s nations and regions, through our work in mobile and fixed telecoms, broadcasting, spectrum, post and online services. Over the past year we have learned that being connected is everything. High-quality, reliable communications services have never mattered more to people’s lives. But as consumers shift their habits increasingly online, our communications sectors are transforming fast. It is an exciting moment for our industries and for Ofcom as a regulator - it requires long-term focus alongside speed and agility in response to change. Against this backdrop our statement sets out our detailed goals for the coming financial year, and how we plan to achieve them. On telecoms, Ofcom has just confirmed a new long-term framework for investment in gigabit- capable fixed networks. In the coming year, we will shift our focus to support delivery against this programme, alongside investment and innovation in 5G and new mobile infrastructure. Following legislation in Parliament, we will put in place new rules to hold operators to account for the security and resilience of their networks. -
Annex 2: Providers Required to Respond (Red Indicates Those Who Did Not Respond Within the Required Timeframe)
Video on demand access services report 2016 Annex 2: Providers required to respond (red indicates those who did not respond within the required timeframe) Provider Service(s) AETN UK A&E Networks UK Channel 4 Television Corp All4 Amazon Instant Video Amazon Instant Video AMC Networks Programme AMC Channel Services Ltd AMC Networks International AMC/MGM/Extreme Sports Channels Broadcasting Ltd AXN Northern Europe Ltd ANIMAX (Germany) Arsenal Broadband Ltd Arsenal Player Tinizine Ltd Azoomee Barcroft TV (Barcroft Media) Barcroft TV Bay TV Liverpool Ltd Bay TV Liverpool BBC Worldwide Ltd BBC Worldwide British Film Institute BFI Player Blinkbox Entertainment Ltd BlinkBox British Sign Language Broadcasting BSL Zone Player Trust BT PLC BT TV (BT Vision, BT Sport) Cambridge TV Productions Ltd Cambridge TV Turner Broadcasting System Cartoon Network, Boomerang, Cartoonito, CNN, Europe Ltd Adult Swim, TNT, Boing, TCM Cinema CBS AMC Networks EMEA CBS Reality, CBS Drama, CBS Action, Channels Partnership CBS Europe CBS AMC Networks UK CBS Reality, CBS Drama, CBS Action, Channels Partnership Horror Channel Estuary TV CIC Ltd Channel 7 Chelsea Football Club Chelsea TV Online LocalBuzz Media Networks chizwickbuzz.net Chrominance Television Chrominance Television Cirkus Ltd Cirkus Classical TV Ltd Classical TV Paramount UK Partnership Comedy Central Community Channel Community Channel Curzon Cinemas Ltd Curzon Home Cinema Channel 5 Broadcasting Ltd Demand5 Digitaltheatre.com Ltd www.digitaltheatre.com Discovery Corporate Services Discovery Services Play -
BT Group Regulatory Affairs, Response Remove All 4
Annex to the BT response to Ofcom’s consultation on promoting competition and investment in fibre networks – Wholesale Fixed Telecoms Market Review 2021-26 29 May 2020 Non - confidential version Branding: only keep logos if the response is on behalf of more than one brand, i.e. BT/Openreach joint response or BT/EE/Plusnet joint response. Comments should be addressed to: Remove the other brands, or if it is purely a BT BT Group Regulatory Affairs, response remove all 4. BT Centre, London, EC1A 7AJ [email protected] BT RESPONSE TO OFCOM’S CONSULTATION ON COMPETITION AND INVESTMENT IN FIBRE NETWORKS 2 Contents CONTENTS .................................................................................................................................................. 2 A1. COMPASS LEXECON: REVIEW OF OFCOM'S APPROACH TO ASSESSING ULTRAFAST MARKET POWER 3 A2. ALTNET ULTRAFAST DEPLOYMENTS AND INVESTMENT FUNDING ...................................................... 4 A3. EXAMPLES OF INCREASING PRICE PRESSURE IN BUSINESS TENDERING MARKETS .............................. 6 A4. MARKET ANALYSIS AND REMEDIES RELATED TO PHYSICAL INFRASTRUCTURE ................................... 7 Our assessment of Ofcom’s market analysis ............................................................................................ 8 Our assessment of Ofcom’s remedies .................................................................................................... 12 A5. RISKS BORNE BY INVESTORS IN BT’S FIBRE INVESTMENT ................................................................ -
Mobile Data Strategy British Sky Broadcasting Group
Mobile Data Strategy British Sky Broadcasting Group plc (‘Sky’) Response Introduction 1. Sky welcomes the opportunity to respond to Ofcom’s consultation on mobile data strategy (“the Consultation”) 2. Sky is a heavy spectrum user, with activities ranging across many frequency bands. We use spectrum to deliver our services (via satellite, DTT, Wi-Fi and mobile), to create our content (using wireless microphones and cameras) and to connect our customers (through in-home and public Wi-Fi). 3. Our varied use of spectrum makes us well placed to appreciate the tensions between competing applications which make use of scarce spectrum, and the challenges that policymakers may face when considering approaches to spectrum policy prioritisation in the medium- to long-term. 4. Sky is also a member of the Dynamic Spectrum Alliance, and supports the submission made by that organisation in response to the Consultation. This response is made in addition to the submission from the DSA. Wi-Fi will continue to play a fundamental role in serving demand for mobile data 5. Sky concurs with Ofcom’s view that there is likely to be significant continuing growth in demand for mobile data services. As the Consultation notes, increased video traffic and potential M2M communications are likely to be key drivers behind this, alongside the possibility of new and innovative services which are yet to emerge. 6. In many of Sky’s previous responses to Ofcom, we have outlined our views on the future levels of demand for wireless data transfer, and the crucial role that Wi-Fi plays and will likely play in meeting this demand. -
BT Group (WACC Response, Oxera Report)
Quantifying the relative risk differences between FTTP and FTTC Prepared for BT Group plc 14 January 2021 Final: public www.oxera.com Final: public Quantifying the relative risk differences between FTTP and FTTC Oxera Contents 1 Introduction 2 1.1 Summary of main findings 2 1.2 Structure of the report 3 2 Ofcom’s proposals on WACC and relative systematic risk differentials 4 2.1 Theoretical support for differences in systematic risk 4 2.2 Overview of Ofcom’s analysis and proposals 7 3 Income elasticities and asset betas 10 3.1 BT consumer experiment and income elasticities 10 3.2 Calculating the relationship between income elasticity and asset beta 12 3.3 Predicting the asset beta wedge between FTTC and FTTP 13 3.4 Conclusions 15 4 Conclusion 16 A1 Details of consumer choice experiment 17 Boxes, figures and tables Box 2.1 Illustration of the relationship between operating leverage and systematic risk 6 Table 2.1 Summary of Ofcom’s proposals 9 Box 3.1 The field experiment commissioned by BT 10 Table 3.1 FTTP regression coefficients 11 Table 3.2 FTTC regression coefficients 11 Table 3.3 Projection of income elasticity for copper 12 Table 3.4 US panel regression’s results 13 Table 3.5 Estimated asset beta wedge due to income elasticity 14 Table A1.1 FTTC’s products summary statistics 17 Table A1.2 FTTP’s products summary statistics 17 Table A1.3 Respondents’ income in FTTC survey 18 Table A1.4 Respondents’ income in FTTP survey 18 Final: public Quantifying the relative risk differences between FTTP and FTTC 2 Oxera 1 Introduction Oxera has -
Annual Report on the BBC 2019/20
Ofcom’s Annual Report on the BBC 2019/20 Published 25 November 2020 Raising awarenessWelsh translation available: Adroddiad Blynyddol Ofcom ar y BBC of online harms Contents Overview .................................................................................................................................... 2 The ongoing impact of Covid-19 ............................................................................................... 6 Looking ahead .......................................................................................................................... 11 Performance assessment ......................................................................................................... 16 Public Purpose 1: News and current affairs ........................................................................ 24 Public Purpose 2: Supporting learning for people of all ages ............................................ 37 Public Purpose 3: Creative, high quality and distinctive output and services .................... 47 Public Purpose 4: Reflecting, representing and serving the UK’s diverse communities .... 60 The BBC’s impact on competition ............................................................................................ 83 The BBC’s content standards ................................................................................................... 89 Overview of our duties ............................................................................................................ 96 1 Overview This is our third -
UK Superfast Broadband Projects Directory 2014: Crunch Year for Superfast UK
UK Superfast Broadband Projects Directory 2014: crunch year for Superfast UK Prepared by: Annelise Berendt Date: 14 February 2014 Version: 1.0 Point Topic Ltd 73 Farringdon Road London EC1M 3JQ, UK Tel. +44 (0) 20 3301 3305 Email [email protected] Point Topic – UK Plus report – 2014: crunch year for Superfast UK Contents 1. Background 4 2. Introduction 5 3. The service provider picture 8 4. BT Group puts another £50m into the pot 11 4.1 Fibre on Demand developments 11 4.2 Self-install getting closer 12 4.3 Multicast for GEA launched for TV provision 12 4.4 Cornwall passes target and begins to impact local economy 13 4.5 Northern Ireland FTTC network has over 150,000 customers 13 4.6 BT looks to raise its MDU game 14 4.7 Last batch of 19 exchanges quietly announced 14 4.8 BT Retail sees strong fibre-based growth 16 5. Virgin Media increases the speed stakes 17 5.1 Higher speed services and boosts for existing customers 17 5.2 Virgin acquires Smallworld Fibre 17 6. Altnets move into make or break year 18 6.1 CityFibre floats on AIM 18 6.2 Gradwell launches GigaBath based on CityFibre infrastructure 19 6.3 IFNL continues to build homes passed numbers 20 6.4 Hyperoptic launches in Olympic Village 20 6.5 Venus welcomes Connection Voucher Scheme 21 6.6 Community Fibre in Westminster pilot 21 6.7 Velocity1 uses Wembley to showcase the bigger picture 21 6.8 Call Flow Solutions continues private and publicly-funded rollout 22 6.9 Fibre Options seeing increasing developer interest 22 6.10 Gigaclear continues to grow rural footprint 23 6.11 B4RN sticks to its coverage plans 23 6.12 Cybermoor FTTP services go live 24 6.13 LonsdaleNET launches fibre network in Cumbria 24 6.14 TripleConnect in Cumbrian new build fibre deployment 25 6.15 KC fibre connections approach 7,000 lines 25 6.16 The closure of Digital Region 26 6.17 Student fibre sector is a springboard for the wider market 27 Page 2 of 37 Point Topic – UK Plus report – 2014: crunch year for Superfast UK 7. -
Anticipated Acquisition by BT Group Plc of EE Limited
Anticipated acquisition by BT Group plc of EE Limited Appendices and glossary Appendix A: Terms of reference and conduct of the inquiry Appendix B: Industry background Appendix C: Financial performance of companies Appendix D: Regulation Appendix E: Transaction and merger rationale Appendix F: Retail mobile Appendix G: Spectrum, capacity, and speed Appendix H: Fixed-mobile bundles Appendix I: Wholesale mobile: total foreclosure analysis Appendix J: Wholesale mobile: partial foreclosure analysis Appendix K: Mobile backhaul: input foreclosure Appendix L: Retail fixed broadband: Market A Appendix M: Retail broadband: superfast broadband Glossary APPENDIX A Terms of reference and conduct of the inquiry Terms of reference 1. In exercise of its duty under section 33(1) of the Enterprise Act 2002 (the Act) the Competition and Markets Authority (CMA) believes that it is or may be the case that: (a) arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation in that: (i) enterprises carried on by, or under the control of, BT Group plc will cease to be distinct from enterprises currently carried on by, or under the control of, EE Limited; and (ii) section 23(1)(b) of the Act is satisfied; and (b) the creation of that situation may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom (the UK) for goods or services, including the supply of: (i) wholesale access and call origination services to mobile virtual network operators; and (ii) fibre mobile backhaul services to mobile network operators. -
Sky’S Response to Ofcom’S Strategic Review of Digital Communications – Discussion Document
SKY’S RESPONSE TO OFCOM’S STRATEGIC REVIEW OF DIGITAL COMMUNICATIONS – DISCUSSION DOCUMENT Executive Summary 1. Sky welcomes Ofcom’s strategic review. It provides an opportunity to address a series of important issues that have implications not only for consumers of communications services in the UK, but also for the long term health of the UK economy. 2. It is critical that Ofcom approaches the review with vision, imagination and an open mind. The purpose of this strategic review should not be to confirm the merits of the status quo, or to search for potential minor adjustments in course. Ofcom should be prepared to consider options that have the potential to deliver significantly better outcomes in the communications sector over the next decade and beyond. 3. The review is an excellent opportunity to take a step back from ‘business as usual’, to consider what is working well in the sector, and what isn’t. It also provides an opportunity to consider critical questions in relation to the UK’s communications infrastructure – questions that risk falling between the gaps in Ofcom’s regular cycle of market reviews. 4. It is now apparent that there is substantial concern with a series of growing problems in the sector, shared by a wide range of communications providers (“CPs), consumers, and politicians. These include: (i) the increasing dominance of high speed broadband services by BT, which risks unwinding the benefits of years of strong competition in broadband services; (ii) the inadequate quality of service delivered by Openreach – and its significant impact, every day, on large numbers of UK consumers and businesses, and (iii) the level and type of investment in the UK’s fixed line communications infrastructure. -
BT TV Adopts Telestream Vantage for Enhanced Multiscreen OTT Media
Vantage Case Study: BT TV Deliver Ingest Monetize Edit BT TV Adopts Telestream Vantage for Enhanced Multiscreen OTT Media Processing Leading UK Telco service provider enhances business agility with Telestream; Introduces robust multiscreen services to better serve millions of consumers “BT TV evaluated all of the The Company available transcoding options BT TV is a subscription IPTV service offered by BT, a division of United and found that Vantage offered Kingdom telecommunications company BT Group, and was originally high quality content in the widest launched as BT Vision in December 2006. As of the end of 2017, BT TV has range of multiscreen formats, with 1.8 million customers. media processing times that are significantly faster than any other BT TV provides on-demand content, 30 entertainment channels (18 of which platform. are available in HD), nine children’s channels, 11 Movie channels (Sky Movies) and five live sports channels (BT Sport & Sky Sports). BT Sport channels are — Peter Harvey, Head of Content available in SD and HD through IPTV signals. BT Sport, ESPN and AMC from Operations (VOD and Digital BT are now available in non-fibre areas over IPTV using copper multicast Media) at BT Technology. where available. As BT TV transmits channels and content through IPTV, BT requires custom- ers to sign up to the BT Broadband internet and phone service to use BT TV, with connection via BT’s official router, BT Home Hub. The Challenge BT TV operates in a fierce commercial environment. One where broadcasters compete daily for viewing audiences – ultimately, they compete for eyeballs.