BT is in private equity’s crosshairs but who else might be in the sniper’s lens?
The BT team has begun manning battlements amid reports that private equity
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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 BT team has begun manning battlements amid reports that private equity
A sharp decline in the company's market value since the start of 2020 has raised concerns that a number of bidders could be circling
The communications regulator is proposing to deregulate the market so phone network providers will no longer need to purchase the capability from BT
BT's lower-end guidance envisages renewed lockdown and abrupt withdrawal of government support
COVID-19 in particular has hit the telecoms group in four areas, first-quarter results showed last week, including BT Sport, Openreach, B2B sales and the effect on its pension deficit
The competitive landscape for consumer broadband may have stabilised but news that rival Virgin Media is freezing prices this year “is unhelpful”, said analysts
A positive for the telecoms group was that mobile and fixed-line customer churn reduced 1% in the quarter during lockdown
Other updates on Friday are expected from Glencore, Pets at Home and British American Tobacco
Places that will get a fibre connection include Millom, Thurso, Ballycastle and Aberystwyth
The bank said Openreach’s plans to build fibre to premises for 20mln more homes over the next 5-10 years, which will require favourable regulation and wholesale deals with major UK service providers, “could happen shortly”
It has been reported that the infrastructure arm has been valued at roughly £20bn - almost double BT’s market cap
“This has not been an easy decision, but it is the right one for the UK telecoms networks, for our national security and our economy,” media secretary Oliver Dowden said
A statement is expected from the government on Tuesday about the removal of the Chinese tech giant’s 5G telecoms equipment
The weekends will host twenty hours of live Premier League football matches starting in mid-June.
BT said current government plans will cost it £500mln - and analysts at UBS said that could double under the new proposals
The telecom group's commitment to rolling out its fibre broadband network "is a good thing" for the company’s long-term future, the analysts, but the market seems to think opposite
Over the past three weeks, BT has held talks with Australian bank Macquarie and several sovereign wealth funds according to the FT
Shares were also bought by non-executive director Ian Conn, Magdalena Du Plessis, a person closely associated with chairman Jan Du Plessis, and Karen Key, a person closely associated with non-executive director Matthew Key
The new entity would be a big rival for BT, meaning players such as Vodafone, Talktalk, Sky and Three would be up against two behemoths
As it cancels dividends totalling £3.25bn over three years, BT Group may find further savings as the Premier League restart remains uncertain.