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BT Group Plc's Openreach revenue will stagnate in second half of decade


Berenberg rates BT as a ‘hold’, with a 175p price target.
Image credit: Berenberg rates BT as a ‘hold’, with a 175p price target
BT Group PLC (LSE:BT.A) will see strong growth at Openreach, according to analysts at Berenberg, who caution that stiff competition in the longer term will see the unit’s revenue stagnate in the second half of the decade.
The European bank in a note, following financial statements released on Friday, highlighted that it values BT at around £20bn.
“We believe that Openreach will deliver strong growth in the coming years, as a result of its investment in the rollout of fibre-to-the[1]premises (FTTP) to 25m locations by 2026, up from 5.2m today,” Berenberg analyst Carl Murdock-Smith said. ....

Carl Murdock Smith , கார்ல் மர்டாக் ஸ்மித் ,

Billionaire Drahi's BT Fiber Bet Is a $3.1 Billion 'Curveball'


Billionaire Drahi’s BT Fiber Bet Is a $3.1 Billion ‘Curveball’
Bloomberg
1 hr ago
(Bloomberg)
Patrick Drahi bought a 12% stake in BT Group Plc and pledged to support its high-speed broadband rollout, an unexpected move that marks a return to form by the deal-hungry French-Israeli cable billionaire.
Drahi’s newly created company Altice UK acquired 1.2 billion shares of Britain’s dominant phone company, it said in a statement on Thursday. The stake is worth about 2.2 billion pounds ($3.1 billion) as of Wednesday’s close and makes him the company’s biggest shareholder.
The entrepreneur has a history of challenging the old incumbents in Europe’s telecommunications industry and has often driven far-reaching change and asset sales at the companies he’s invested in. More recently, he’s taken a break from major deals to focus on paying down debt. ....

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BT pensions black hole set to shrink by £2.2bn


BT pensions black hole set to shrink by £2.2bn
Telecoms giant expected to reveal deficit for UK s biggest corporate pensions scheme is down to about £7.5bn - far lower than expected
10 May 2021 • 10:00am
Richard Curtis was waxing lyrical. When the UK s biggest corporate pension scheme unveiled a carbon-busting plan last October, the screenwriter behind
Love Actually and
Notting Hill was gushing with praise.
The BT Pension Scheme controlling £57bn worth of assets was pledging to reach net-zero carbon emissions within 15 years as it focused on green investments. Curtis – the co-founder of ethical pension investment group Make My Money Matter – described the move as “extraordinary”. ....

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