Dazn ‘the big loser’ as BT throws its sports lot in with Discovery
Sky is also under threat from a potentially rejuvenated competitor
Company
LON:BT.A
Operating in over 170 countries, BT is one of the world’s leading providers of communications solutions and services.
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Sky is also under threat from a potentially rejuvenated competitor
“The new business would be a 50/50 joint venture and operational later this year
The group expects adjusted revenue for the year to end-March 2022 to be 2% lower than in the prior year
It's a headline-making day on Thursday with interest rates, energy bills and oil profits just a few of the things in the mix
Current estimates suggest that the full rollout should be completed by 2026
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The Footsie spent most of the day tethered on a short leash to Friday's closing value
“We see rising competition in fixed infrastructure feeding through to retail"
Other telecom companies have announced rises in line with BT
BT has dealt with most of the hurdles the broker foresaw in 2021
Sports streaming app DAZN could land a deal to buy the broadcast business for US$800mln in the next month.
Here's a round-up of the day's top Proactive stories
Given his recent rhetoric on BT (he’s not a buyer, but a long-term investor, he says) this looks like an opportunistic move rather than one to free up some cash for an all-out bit for, say, dealmaking
"We ..remain fully supportive of their strategy, principally to play the pivotal role in delivering the expansion of access to a full-fibre broadband network"
The shares fell 2% on Monday, reflecting the reality that a bid for BT may fraught with all sorts of political and regulatory problems
Openreach has an important role to play in ensuring that competition operates effectively as faster broadband is rolled out across the country, the regulator said
BT’s organic story is undoubtedly strengthening, that's according to Berenberg.
Credit Suisse thinks the stock is worth 200p, a 19% premium to its current price
Here’s Proactive’s round-up of the day’s news with helpful links taking you our up-to-the-minute news analysis.
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Here’s Proactive’s round-up of the day’s news with helpful links taking you our up-to-the-minute news analysis.
JP Morgan expects an M&A frenzy in the telecom sector and named both stocks among its top picks