BT Group PLC (LSE:BT.A) remains only a 'hold' for broker Berenberg after a meeting with the head of its consumer division.
Marc Allera, BT consumer brands chief executive, confirmed future price rises of 3.9% above consumer price index measures at the briefing, despite warnings from regulator Ofcom about increasing hardship for consumers.
Analysts pointed to a proposed Labour Party policy that would empower Ofcom with more control over the market, suggesting a potential future clampdown on prices.
A possible merger between Vodafone and Three UK is also on BT’s radar, though the effect of the deal on the market is hard to predict.
BT discussed its plans to make EE its flagship brand from 2023, with the platform being the largest in the UK having roughly 24mln subscribers and a presence on over 50% of UK houses, according to the Berenberg analysts.