Trading update due around first week in Feb.
Hopefully enough positive content to halt this downwards drift in the share price
Any optimistic views out there? |
ok thanks.
Suet |
Down to 4.8%
Just below the notifiable level for notifications. |
Morgan Stanley out - from 6.6%.
Had enough!
Suet |
 BT prepares for 2G closure
2G services expected to be withdrawn by 2030.
BT Group has shared an update on how it will prepare for the closure of 2G. The company said its 2G network will be closed “later this decade”.
Preparations will include continuing to expand the reach of 4G and 5G networks and working closely with industry bodies, charities and Ofcom to raise awareness.
Today, 0.1 percent of all data on the entire EE mobile network is carried over 2G. However, some businesses do still use it as part of their operations, primarily to transfer small amounts of data between devices, sensors or machines.
BT said that, by reaching out to these businesses now to make them aware of how its network is changing, it hopes to “provide tailored support and technical advice so they can upgrade to a modern connection”.
Writing on a company blog post, Howard Watson, chief security and networks officer, BT Group, said, “While we will not be closing our 2G network until later this decade, the time for businesses to start preparing is now.
“We want to make sure all UK businesses understand how our network is evolving and give several years notice before any changes take effect.”
Watson added that, in the coming months, BT will contact “business customers who still use 2G in their operations to encourage and support them in making the move to a modern network”. He suggested 4G, 5G or BT’s new Internet of Things (IoT) service as upgrade possibilities.
2G is energy intensive and, as with any technology, the older it gets the less reliable and more difficult to repair it becomes. Operators in markets including the US, Australia and Europe have already switched off their 2G networks.
Kester Mann, director, CCS Insight, explained the announcement is an “important step on the journey toward a more efficient, capable, and sustainable network architecture”.
He added, “The UK has been slower than some other European markets to transition; hopefully, [this] will accelerate this important process.” |
Penalty kick |
BT tends follows in sympathy where VOD goes over time...
Why the pessimism for BT? |
Because people spend more time on internet...but the monthly price remains static...or in some cases one gets cheaper monthly price...
UK broadband traffic jumped 10% last year |
Why the pessimism for BT? |
UK broadband traffic jumped 10% last year
According to Openreach data, broadband traffic across the UK increased by 10.5% in 2024 to 103,590 Petabytes (Pb) of data. |
Someone give this a kick. |
blimey.. Thanks Freddie01.... |
BT Win Four More UK Project Gigabit Broadband Rollout Contracts Worth £289m |
Not bad, up 1.6p after discounting ex-div. Onwards and upwards. |
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. |
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