MARKET TALK: BT's Pay deal Will Cost GBP50M Extra Annually

9th Jul 2010 10:39

0939 GMT [Dow Jones] BT Group's (BT.A.LN) new pay deal will cost around GBP50 million extra a year by 2013 and "could mean a slower and more expensive fibre build," Sanford Bernstein says. "The near-term implications are mixed. BT will be able to launch its Sky Sports offering but with competition increasing, BT's engineers will also be available for reconnections," Bernstein says. Marketperform rating, 135p target. Stock +2.4% at 139p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 09, 2010 05:39 ET (09:39 GMT)