The British company purchased mobile operator EE from Deutsche Telekom and Orange a year ago, in a £12.5-billion deal under which the pair also became BT shareholders.
But those investments took a big hit when the accounting scandal came to light, with Orange (NYSE: FTE) selling some BT shares at a loss and Deutsche Telekom AG (NYSE: DT) writing down the value of its 12% stake by 2.2 billion ($2.6 billion).
BT said the payment represented a "full and final settlement" in light of those issues, but CEO Gavin Patterson - who was made to sacrifice his annual bonus following the scandal - made no reference to the crisis in his formal statement, saying BT had delivered an "encouraging performance" and made "good progress in our key areas". "This is disappointing but it is the best possible outcome for shareholders and avoids litigation and market uncertainty".
At the time of publication, BT's share price was trading down about 2.3% in London on the update and is now about 17% lower than at the start of the year.
Shares in BT plunged 20% in January after it uncovered a £530 million black hole in its Italian business.
Is Energy Transfer Equity, LP (NYSE:ETE) Undervalued?
They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. ValuEngine lowered Energy Transfer Equity, L.P. from a "buy" rating to a "hold" rating in a report on Friday, June 2nd.
Marc Callera, who is now the CEO of EE, has been appointed to lead a newly created consumer business - bringing together BT's consumer group and EE businesses.
Revenues rose one percent from the same period previous year to £5.84 billion.
From 1 September 2017, BT will fold EE - which up to now has been run as a sixth standalone business unit - into an enhanced BT Consumer business that will incorporate its other consumer brands (BT and Plusnet) and span fixed and mobile networks, consumer products and services, and content.
BT also launched a new restructuring to simplify the business and changed several senior management roles, including the head of regulation, to help improve relations with the regulator which previously considered breaking BT up. For the current 2017/18 year, it has forecast that underlying revenue will be broadly flat and core earnings will fall to 7.5-7.6 billion pounds. It means that BT's consumer chief John Petter is out after 13 years at the company.
Wednesday outside the Saban Theatre in the area of Hamilton Drive and Wilshire Boulevard, according to Beverly Hills police Lt. The man was trying to take pictures of Bieber and television personality Kourtney Kardashian, according to broadcast reports.
Conte praised Tottenham's progress but stressed it was easier for them to develop talent due to their lower expectations. He is a complete striker. "For me, if I see this price for a striker I know for sure he's a big striker".
As such, many looked to Jenkins' Wonder Woman to be the first DCEU movie that was a hit with critics and moviegoers alike. I'm actually not sure if Wonder Woman even needs a reintroduction as just about everyone has seen it and liked it.
Papagan argues that the museum is about "a historical event - something that we all lived through" and not about the man himself. The museum will appear from 18-22 August this year, in the Coagula Curatorial Gallery in Chinatown, Los Angeles.
Xiaomi has opened 149 Mi " Home Stores " in China out of which the first-ever store was opened in India. In 2014, Xiaomi forayed into Indian market, selling smartphones online exclusively through Flipkart.
Asked what he meant by including Priebus, Scaramucci says, "If Reince wants to explain he's not the leaker, he can do that". The CNN interview was not the first time Scaramucci and Priebus' tense relationship has come out.
A source close to Sessions said he has a "spine of steel" and plans on remaining in office until he is fired or asked to resign. Key forces in the conservative media, including Rush Limbaugh and Breitbart News, sharply criticized Trump's broadsides.
Men who ate the most sugar were 23 per cent more likely to develop common mental health problems over the next five years. Millions of British men could be making themselves anxious and depressed by consuming too much sugar, the study suggests.