BT Group Plc shares rise amid fresh reports of DAZN deal for BT Sport
The telecoms share was on the front foot in the wake of a report in the FT.
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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The telecoms share was on the front foot in the wake of a report in the FT.
Deutsche Telekom owns 12% of the UK telecoms giant through its pension fund
Barclays Capital believes there are still reasons to be cheerful
As a former state-owned company, it bears many other similarities to Royal Mail, an organisation from which Crozier emerged with a mixed score-card
Crozier currently chairs Whitbread PLC, ASOS PLC, Kantar Group and is a non-exec at Sony
“This would be a dangerous precedent to be setting."
The broker’s 12-month target price forecast is 260p. BT shares currently trade at 177p, up 0.1%.
Earlier this month, BT was the largest investor in a funding round by Silicon Valley-based Safe Security
Berenberg rates BT as a ‘hold’, with a 175p price target.
"Right now, we have the UK’s leading gigabit network, and this upgrade means we’ll be even stronger for the decades ahead"
Philip Jansen, chief executive, said the results were in line with expectations overall
Dividends were the focus this morning were the focus for investors, but speculation around BT Sport has made headlines.
BT Group, Lloyds and Shell are among the notable names in the diary for Thursday.
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There will also be eyes on the macro diary as markets await the latest interest rates decision from the Federal Reserve
BT will be granted exclusive rights to use and sell SAFE to businesses and public sector bodies in the UK
The telecom regulator proposed the new annual spectrum payments for the UK's major mobile networks as part of new arrangements due to come into force at the start of 2022
The agreement with the Communication Workers Union and the telecoms giant includes a commitment to implement pay rises for UK staff next year as well as a review of site closures and redundancies
OneWeb is part-owned by UK taxpayers after it was rescued by the government last year
Three and O2, instead, have lowered the maximum amount of data available per month, after which users have to pay extra
BT shares have already had a good run and are up 52% year to date