FTSE futures suggesting that the Santa rally starts tomorrow. With luck we'll recover the 2.4p ex-div hit, he said optimistically. |
 Equinix to buy BT’s datacentre business in Ireland
BT Group has announced it is selling its datacentre business in Ireland, which includes two datacentres in CityWest and Ballycoolin, Dublin, to Equinix for EUR59 million.
The transaction is expected to complete during the first half of 2025, subject to various competition and regulatory clearance. The two carrier-neutral facilities are approximately 150,000 gross square feet combined.
This is part of what BT calls its ‘asset-light strategy’ internationally, which includes a transition away from owning and operating datacentre facilities in favour of working with ‘globally scaled organisations.’
This gives it a more commercially scalable and flexible model, so says BT.
“This announcement with Equinix marks an exciting new chapter for our datacentre business in Ireland,” said Shay Walsh, Managing Director, BT Ireland. “The deal builds on our existing successful partnership with Equinix and ensures that customers will benefit from top-tier datacentre services nationally and globally, allowing BT to specialise in our core strengths in cloud, networking, and security.”
Peter Lantry, Managing Director, Equinix Ireland, added: “Equinix has a vital and long- established business in Ireland, with a strong track record of delivering huge value to individuals and companies throughout the Irish economy. This acquisition of assets from our existing facility enables us to continue to offer exceptional interconnection services from our unique global platform, augmenting the EUR35M annual contribution to national economic output arising from Equinix’s direct and indirect spend, measured in 2022.
“We look forward to working closely with BT to ensure a seamless transition, welcoming their datacentre team and customers to Equinix and bringing the scale, expertise, and investment that next generation datacentre facilities require for excellent service delivery for organisations in Ireland and globally.”
In September, TIM reportedly threw its hat into the ring for BT's remaining assets in Italy, which essentially comprised a handful of data centres and a backbone network, having agreed to acquire its business units serving public administrations and SMEs in Italy back in 2020. |
Space
Then how do you put a value on the Share Price there has to be a return?? on the investment. |
VOD halved it's dividend, BT hasn't. In fact BT dividends are rising (Interim 2.4p up from 2.31p). So the BT yield is closer to 6% currently.
So no, BT and VOD aren't likely to merge in terms of share price |
Just tracking VOD...VOD close to multi year lows of 63p...so either BT has some catching up to do downside or VOD has to rise...pick your choice...does that chart looks like double top hit around 160p and reversal... |
Typical UK inveztor antics.
BT share price falls on Bad News and Falls on Good News
You have to ask what is going on here. |
Quite a fall now, off 10% since the start of December, FTSE down nearly 3% in the same period.
I'd have thought there'd be more buyers at this level, perhaps the fear of the clowns in Downing Street leading us into a recession is keeping investors away.
Worst two performers in my holdings today, BT and VOD. |
Fantastic news.Nice to have that removed as a potential obstacle |
👍
BT defeats $1.6 billion UK lawsuit for customer 'overcharging' |
Competition Appeal Tribunal dismisses class action
Telecoms giant BT has successfully defended a £1.3bn class action over allegations it “disproportionately overcharged” its landline customers. |
Football Streaming Pushes BT to Record UK Broadband Traffic of 33.7Tbps |
UK govt approves Bharti Global's acquisition of 24.5% stake in BT |
Why is the price reducing ahead of the ex divi date - it just shows the unimportance of the dividend, the company might as well cut it and do something more useful with the money. |
https://newsroom.bt.com/bt-group-leans-on-ai-to-transform-customer-service-experience/Small insight into some of the ways in which we can see how BT can reduce headcount as planned- already a 50% success rate in AI/BOT solving EE customer queries and planned to roll out to the wider group. Suspect we will see more of this as time goes on, helping us shed significant cost and boost free cash flow. |
We are fast approaching an ex dividend date. Why is the price reducing when a reduction of 2p a share is on offer? |
Barclays cuts BT Group to 'equal weight' - price target 190 pence
Bank of America raises BT Group price target to 208 (205) pence - 'buy'
Still a way to go to reach either of them... |
Policy = instructed. |
expected - should be instructed!
Suet |
Come January BT will have a policy where all staff are expected to be in the office 3 days per week. Currently it is a philosophy but it is changing. |
Like many companies, BT’s office requirements have changed over recent years as the business world has moved to allow staff to work from home more.
BT seeks occupier for 60,000 sq ft of surplus Salford space
www.placenorthwest.co.uk/bt-seeks-occupier-for-60000-sq-ft-of-surplus-salford-space |
Heavy Volume friday.
Linked to news? who knows? |
BT set to lose out on £900m police radio contract |
Openreach have just reduced there wages bill as 500 staff have now been paid off and left the company.............. |
IMO the Vodafone merger almost solidifies BTs position in the UK. We're beyond the CAPEX peak now for our roll out- VOD is at the start of theirs now. Vodafone's challenge is their German market. Fingers crossed but BT looks favourable. |
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