BT sells off London head office for £210mln as 'transformation' continues
As part of the deal, BT will lease back the 300,000 sq ft building for up to 30 months while it moves its headquarters to a new location in London
Sector
Telecommunications
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CMA to probe Inmarsat takeover for potential competition issues
The Competition & Markets Authority is launching a probe to check if the takeover may reduce competition in the market
BT considers dividend cut in 'a year or two' to fund full fibre broadband roll-out
BT will also look at reducing capital expenditure, cutting costs and borrowing more to help fund the expansion of the fibre broadband network
Barclays still sees ‘clear value opportunity’ in Vodafone despite recent struggles
After swinging to a massive loss last year, Vodafone recently slashed its dividend, which should free up some cash to help fund its 5G rollout
BT Group expects IFRS 16 to have positive impact on 2020 earnings
Under IFRS 16, retailers now need to include leasing obligations in annual statements of assets and liabilities.
BT explores sale of Spanish business as part of turnaround plan
The telecoms giant has started talks with potential buyers of BT España, according to the Telegraph.
BATM raises US$18mln from investors
"We look forward to utilising these funds to accelerate our growth and to delivering value for our shareholders," said chief executive Dr Zvi Marom.
BT sinks below 200p as Deutsche Bank downgrades to ‘sell’ amid dividend fears
BT recently upped its pledge to deliver fibre-to-the-home (FTTH) to 4mln customers by March 2021, raising BT’s capex, which in turn “threatens [the] EBITDA recovery”
Berenberg sticks a ‘buy’ rating on Vodafone, expects revenues to return to growth later this year
Analysts reckon a “virtuous circle” of rising revenue and faster deleveraging, alongside an “attractive” 6% dividend, will restore confidence in the unloved telecoms giant
Vodafone spends €1.88bn in German 5G spectrum auction
Telecoms group bought 90 MHz in the 3.6 GHz band for €1.07bn and another €806.5mln for 40 MHz of 2100 MHz spectrum
BATM Advanced Communications reveals strategic partnership with Clavister
"This partnership enriches our telecoms network virtualisation offering with the addition of Clavister's high-performance cybersecurity solutions,” said BATM chief executive Dr Zvi Marom.
BT Group to consolidate its offices across the UK from 300 current locations to around 30 sites
The FTSE 100-listed telecom and broadband provider said Belfast, Birmingham, Bristol, Cardiff, Edinburgh, Ipswich, London and Manchester would be key locations for the group
BT upgraded to 'overweight' by Credit Suisse
Credit Suisse expects BT’s move away from sports rights ownership to boost free cash flow by up to £200mln by 2023
Inmarsat goes with Airbus to build next generation of mobile broadband satellites
The contract is for three next-generation GX satellites, with the first scheduled to launch in the first half of 2023
BT will have to open up business network to rivals, watchdog says
Regulator Ofcom says fully opening up the network will help increase overall investment in high-speed broadband and 5G mobile
Vodafone offering 'attractive entry point' says HSBC as it upgrades to 'buy'
Analysts at the bank believe the tone of telecoms company’s commentary “should get progressively brighter”, starting with the first-quarter statement in July
Jefferies thinks BT’s dividend is safe as it predicts possible return to earnings growth next year
Some have pointed to BT’s dwindling earnings as a key reason why the divi is not sustainable, but the US broker believes there is a “highly credible prospect” earnings will return to growth next year
BT to award £50mln in shares to employees to boost morale
“I’m asking our colleagues for their commitment to making BT a national champion and I want to give them ownership in our company and a share in our success,” boss Philip Jansen said
Allot reports first-quarter earnings and revenue beats as growth jumps 17%
Management reiterated revenue expectations of $106 million to $110 million for 2019, representing double-digit year-over-year growth
Vodafone cuts dividend 40% as it fights for 'financial headroom'
Various "challenges" chipped away at service revenue and, together with the high costs of mobile spectrum auctions, have reduced financial headroom