London, Feb 15, 2026, 15:58 GMT — Market closed
- BT.A last closed at 210.3 pence on Friday, up 0.05% on the day
- A filing showed senior managers reinvested dividends into BT shares at £2.03 each
- Investors are watching Ofcom’s March broadband pricing decision and BT’s May 21 results
BT Group plc shares (BT.A) ended Friday at 210.3 pence, up 0.1 pence, or 0.05%, lagging the FTSE 100’s 0.42% rise. The London market is closed on Sunday, leaving BT set to reopen on Monday. (Hargreaves Lansdown)
The pause matters because BT’s Openreach unit — which owns the fixed-line network and sells access to rivals — is still in the middle of a shift from building fibre to getting customers onto it. Pricing rules and take-up now matter as much as the build itself.
BT shares finished the week about 4% higher than Monday’s close, after a sharp two-day jump and then a quiet finish into Friday. (Share Prices)
A regulatory filing on Friday said several people discharging managerial responsibilities — senior executives whose dealings must be disclosed — reinvested dividends into BT stock at £2.03 a share. CEO International Bas Burger acquired 2,982 shares, while group general counsel Sabine Chalmers reinvested into 8,156 shares, the filing showed. (Investegate)
Earlier this week, BT said Katie Milligan will take over Openreach on April 1, while Clive Selley moves to run BT International. Milligan told Reuters: “We’ve got a tried and tested strategy within Openreach, so it’s not going to be revolutionary, but you will see slight changes,” she said. (Reuters)
Chief executive Allison Kirkby struck a similar note in BT’s statement on the reshuffle. “Openreach is a critical national asset – the digital backbone of the UK,” she said. (BT Group Newsroom)
The nearer-term swing factor is Ofcom. The regulator has said it plans final decisions in March 2026 as it sets broadband rules for the 2026-2031 period — including how Openreach can price access to its fibre network. (Reuters)
On the company calendar, BT’s next scheduled results are on May 21. Investors will also be sensitive to any guidance around cash generation and customer switching as the group moves deeper into the “connections” phase of the fibre programme. (BT)
But the fibre story is messy. Openreach faces pressure from alternative network providers such as CityFibre, and take-up has lagged coverage — only about 42% of eligible customers had moved to full fibre as of late 2025, the Guardian reported. (The Guardian)
Outside the company, UK inflation data is due on Wednesday, Feb 18, which can sway Bank of England rate expectations and the relative appeal of dividend-paying telecom stocks. The Office for National Statistics lists Feb. 18 as its next inflation release. (Office for National Statistics)
BT shares reopen on Monday. The next hard catalysts remain Ofcom’s March decision and BT’s May results, with the stock still circling the 210p level into the new week.
