BT Group PLC (LSE: BT.A) shares dropped over 7% yesterday and are down an additional 1.3% today following Sky’s decision to sign a broadband deal with rival CityFibre, which will
BT’s share price is continuing its fall today
BT’s share price continues to decline following The Telegraph’s report that Sky is on the verge of finalizing a deal with rival broadband provider CityFibre.
An investigation by a watchdog is being launched into broadband suppliers due to delays in switching services.
Ofcom had mandated internet providers to introduce the “one touch switch” service by Monday to help customers facing steep bill hikes.