BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

138.25p
   
  • Change Today:
    -1.50p
  • 52 Week High: 150.55p
  • 52 Week Low: 102.30p
  • Currency: UK Pounds
  • Shares Issued: 9,955m
  • Volume: 15,790,408
  • Market Cap: £13,763m
  • 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 138.25p
Change Today -1.50p
% Change -1.07 %
52 Week High 150.55p
52 Week Low 102.30p
Volume 15,790,408
Shares Issued 9,955m
Market Cap £13,763m
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.63% above the market average76.63% above the market average76.63% above the market average76.63% above the market average76.63% 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
Price Trend
68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
74.03% above the market average74.03% above the market average74.03% above the market average74.03% above the market average74.03% 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
81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 1
Strong Sell 1
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BT Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Aug-24 28-Dec-23
Paid 11-Sep-24 02-Feb-24
Amount 5.69p 2.31p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 6,624 @ 138.25p
16:35 29,411 @ 138.25p
16:35 8,113 @ 138.25p
16:35 45,829 @ 138.25p
16:35 73,489 @ 138.25p

BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
Chair Adam Crozier

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