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BT spikes briefly after defeating UK lawsuit for alleged customer 'overcharging'



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** Shares in BT BT.L shot up 1.8% to 149.8p after court rules in favour of co

** The British telecoms firm defeats $1.65 bln lawsuit in the UK for allegedly overcharging customers for fixed telephone lines, a London tribunal says

** The Competition Appeal Tribunal rules in favour of BT in a case which accused the former telecoms monopoly of excessively increasing prices

** BT in a statement said it welcomes tribunal's decision that its conduct did not breach competition law

** Stock largely flat at 147.7p as of 1021 GMT

** Stock up ~19% so far this year






Reporting by Prerna Bedi in Bengaluru

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