BT faces further pressure as Sky nears broadband deal with Virgin Media
Sky and Virgin Media executives met for talks on Friday as the pair eye a potential UK fibre broadband collaboration, according to reports at the weekend
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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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Sky and Virgin Media executives met for talks on Friday as the pair eye a potential UK fibre broadband collaboration, according to reports at the weekend
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Britain's blue-chip index finished down nearly 174 points at 7,412, while FTSE 250 also plunged to end at 21,303 - down around 460 points
Analysts expressed support for Philip Jansen, who started as the telecoms firm's chief executive last February
Ofcom has unveiled new proposals for regulation of the fixed-line network to “supercharge” investment in fibre internet and helping BT's Openreach with its rural roll out
At the close, the UK benchmark was 8.65 points higher at 7,632.24, just off the late peak of 7,636.16, and well above the opening low of 7,608.22
“Will Ebenezeer’s replacement, already a year in charge, awake on Christmas morning with a desire to shout from the rooftops that reasonably-priced, full-fibre for all is ScroogeCo’s future regardless of the impact on stuff like the dividen
The Spanish business generated revenues of roughly £230mln last year
BT will reportedly split its Spanish business in two over the coming five or six months
With the spectre of nationalisation of its regulated Openreach business under a Labour administration now no more than a bad dream, the American brokerage expects the telco’s shares to spark back into life
BT's Openreach infrastructure arm claims it is building out its fibre-to-the-home (FTTH) broadband network at three times the rate of its nearest competitors
Berenberg said an election result that delivered a Conservative majority for Boris Johnson in parliament “would cause real gilt yields to increase, reducing BT’s pension deficit”
Barclays downgraded the shares after regulatory efforts will lower costs for BT’s competitors, notably TalkTalk and Vodafone
The infrastructure unit would be nationalised to create a UK-wide network to offer "free full-fibre broadband" across the country
"BT still need to weather through a number of regulatory headwinds, with most of efficiency savings likely being reinvested to modernize system and drive future efficiency improvement"
The FTSE 100 telecoms group reported a pre-tax profit of £1.3mln, the same as the prior year, while revenues fell 1% to £11.4mln
The troubled telecoms giant recently warned future dividends may be cut as it entered talks to sell infrastructure in the Netherlands and corporate business in Ireland
The telecoms group gave no update on how any expanded roll-out of superfast broadband would be financed, leaving investors to continue worrying about a dividend cut
Patterson will serve as chairman of Salesforce for Europe, the Middle East and Africa following his ousting from BT in June last year
UBS maintained a ‘neutral’ rating on BT's shares but cut its target price to 165p from 240p.
A private equity group is said to be interested in buying the business