UK's Labour plans high-speed connection to voter hearts with BT nationalisation [Reuters]
Liberty Global Ltd. - Class A Common Shares (LBTYA)
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Source: Reuters
UK's Labour plans high-speed connection to voter hearts with BT nationalization - Reuters 6 Min Read LONDON (Reuters) - Britain’s opposition Labour Party plans to nationalize BT’s broadband network to provide free internet for all if it wins power, making a radical election pledge to roll back 35 years of private ownership that caught both the company and its shareholders by surprise. Labour’s proposed overhaul of the telecoms infrastructure, an addition to its already broad nationalization plan, would be paid for by raising taxes on tech firms such as Alphabet’s Google, Amazon and Facebook and using its Green Transformation fund. The announcement by Labour, which is currently lagging Prime Minister Boris Johnson’s Conservatives in opinion polls ahead of the Dec. 12 election, sent BT’s shares down as much as 3.7%, wiping nearly half a billion pounds off its market value. The share was down 1.7% at 1410 GMT. Labour plans to nationalize Openreach - the fixed-line network arm of the coun
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LBTYA
Sec Filings
- 4/15/24 - Form 144
- 4/9/24 - Form 8-K
- 4/3/24 - Form DEF
- LBTYA's page on the SEC website