BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

109.65p
   
  • Change Today:
      0.40p
  • 52 Week High: 160.35
  • 52 Week Low: 102.30
  • Currency: UK Pounds
  • Shares Issued: 9,952m
  • Volume: 13,693,708
  • Market Cap: £10,912m
  • RiskGrade: 170

Virgin Media O2 ups pressure on BT with Sky talks - report

By Abigail Townsend

Date: Monday 04 Oct 2021

(Sharecast News) - Shares in BT Group came under pressure on Monday after pay-TV provider Sky was reported to be considering investing in Virgin Media O2's fibre rollout.
According to the Sunday Telegraph, Sky is in talks with Virgin Media O2 about using its full-fibre network. There were few details on either the timeframe or the nature of the investment, but the report still unnerved investors in the telecoms giant. By 1130 BST shares in the blue-chip were off 7% at 148.3p, having touched fallen to as low as 146.9p earlier in the session.

BT is looking to massively extend its Openreach broadband fibre infrastructure, giving 25m premises access to the network by the end of 2026.

Virgin Media O2 - which was created earlier this year via a joint venture that combined Liberty Global's cable network and Telefonica's O2 mobile network - is also upgrading its fibre network, however, with plans to expand significantly beyond its current premises.

It has also previously stated it believes there is an opportunity to enter the wholesale market, thereby rivalling BT.

BT has not commented on the report. However, according to Reuters, citing a person familiar with the situation, BT expects Sky to remain a major wholesale partner.

In a note, Jefferies said: "To maximise value, we believe Sky would need to make an irrevocable anchor tenant commitment. That would be commercially very risky. Sky would face highly uncertain deployment costs/timeframe and give up a compelling opportunity to leverage Openreach FTTP [fibre to the premises] in cable areas to attack Virgin Media O2's dominant market share."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BT Market Data

Currency UK Pounds
Share Price 109.65p
Change Today 0.40p
% Change 0.37 %
52 Week High 160.35
52 Week Low 102.30
Volume 13,693,708
Shares Issued 9,952m
Market Cap £10,912m
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.55% above the market average39.55% above the market average39.55% above the market average39.55% above the market average39.55% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
42.51% below the market average42.51% below the market average42.51% below the market average42.51% below the market average42.51% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
84.62% above the market average84.62% above the market average84.62% above the market average84.62% above the market average84.62% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
75.62% below the market average75.62% below the market average75.62% below the market average75.62% below the market average75.62% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 5
Buy 7
Neutral 2
Sell 1
Strong Sell 2
Total 17
buy
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BT Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Dec-23 03-Aug-23
Paid 02-Feb-24 13-Sep-23
Amount 2.31p 5.39p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 8,012,338 @ 109.65p
16:35 14,314 @ 109.65p
16:35 7,333 @ 109.65p
16:35 13,248 @ 109.65p
16:35 160 @ 109.65p

BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
Chair Adam Crozier

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