Bt Share Discussion Threads

[eaaxs06] 14/12/2021 07:47

I’ll repeat what I asked originally, when he bought his first 12.1%; where did the shares come from, and who sold them? I’ve yet to read a believable answer to that one.

To purchase 1.8 BILLION shares takes some doing, with a very large seller. You don’t build up a stake like that by normal trading this year, when the volumes were nothing out of the ordinary.

Good luck everyone, Sid.

[boix] 14/12/2021 07:42

They were already bought - only recorded at lunchtime.
I was a off book trade using a broker .
Probably accumulated over several weeks and only recorded yesterday.
It's good this time they are ordinary shares and not derivatives.

[evianone] 14/12/2021 07:40

The uk government has just said it will protect the interest of the UK ? Will that hold them back? as if the government doesn’t have enough problems lol

[boix] 14/12/2021 07:38

Acquisition of DT position would now take him to just over 30%.
I suspect that's why 18% was the magic number for now.

[csmwssk12hu] 14/12/2021 07:35

He can still buy more shares just can’t launch a bid, but one of his friends can when he has got to his 29.9%

[boix] 14/12/2021 07:35

Not really.
He has bought time to address any Government objections and flush out any other interested parties.
At the moment the DT position is not for sale? - That would be a material change.
He is now in prime position as the largest shareholder to control things.

[reviewwworld] 14/12/2021 07:34

Confirmed 6m lockout?Bizarre accumulation strategy if indeed looking to acquire more as will only result in paying higher prices

[nige co] 14/12/2021 07:33

So Drahi is playing the long game... Another 6 months lockout.... The wait goes on.

[sarkasm] 14/12/2021 07:28

14 December 2021

BT GROUP PLC

BT Group statement re Altice UK's increased voting interest

The Board of BT Group has been notified that Altice UK has increased its interest in BT Group's voting share capital from 12.1% to 18.0%.

The Board and management of BT Group will continue to operate the business in the interest of all shareholders and remains focussed on the successful execution of its strategy and building on recent performance momentum.

[suetballs] 14/12/2021 07:24

I wonder what the take out price will be?
Suet

[dipso] 14/12/2021 07:18

And a swift reply from BT ....

The Board of BT Group has been notified that Altice UK has increased its interest in BT Group's voting share capital from 12.1% to 18.0%.

The Board and management of BT Group will continue to operate the business in the interest of all shareholders and remains focussed on the successful execution of its strategy and building on recent performance momentum.

[eaaxs06] 14/12/2021 07:07

RNS just out that Drahi has acquired another 585m shares. Up to 18% now, he didn't take long to make a move. Good luck everyone, Sid.

[sarkasm] 14/12/2021 07:05

BOIX

RIGHT YOU ARE

[evianone] 14/12/2021 07:05

Forget what I just said 😂it’s Altice buying, now owns 18% of BT

[dipa11] 14/12/2021 07:05

14 December 2021Altice UK S.à r.l ("Altice UK")Statement regarding BT Group plc ("BT" or "the Company")Altice UK - a company established and wholly owned by Patrick Drahi - announces today that it has acquired a further 585,476,188 shares in BT, increasing its ownership to 1,785,476,188 shares, which represents 18.0% of BT's issued share capital.Altice UK has restated its position to the Board of BT that it does not intend to make an Offer for BT and will be bound by that statement for the purposes of Rule 2.8 of the UK's Takeover Code.Patrick Drahi has stated:"We are pleased to take this opportunity to increase our shareholding in BT. Over recent months we have engaged constructively with the Board and Management of BT and look forward to continuing that dialogue. We continue to hold them in high regard and remain fully supportive of their strategy, principally to play the pivotal role in delivering the expansion of access to a full fibre broadband network; an investment programme which is so important to both BT and to the UK."Rule 2.8 statementAltice UK confirms that it does not intend to make an offer for BT. This is a statement to which Rule 2.8 of the Takeover Code (the "Code") applies. Under Note 2 on Rule 2.8 of the Code, Altice UK reserves the right to set the restrictions in Rule 2.8 aside in any of the following circumstances:a) with the agreement of the Board of BT; b) if a third party announces a firm intention to make an offer for BT; c) if BT announces a "whitewash" proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); ord) if there has been a material change of circumstances (as determined by the Takeover Panel) Contact detailsTulchan Communications / [e-mail] / [phone]Graeme WilsonGiles Kernick

[evianone] 14/12/2021 06:57

Could that 300 million trade be a sell and that it was a fund selling into the rally that we have had? And would explain the weakness yesterday?

[sarkasm] 14/12/2021 06:54

The £31 billion mega-merger between Virgin Media and O2 has been given the green light by regulators.

The Competition and Markets Authority (CMA) waved through the deal following an in-depth investigation, concluding that concerns customers to see price hikes from the telecoms deal were unfounded.

Officials had provisionally cleared the deal last month and on Thursday confirmed the tie-up, which was first announced a year ago.

It was important to make sure that this merger would not leave these people worse off. That's why we conducted an in-depth investigation

Martin Coleman, CMA

Investigators concluded that the costs of leased lines are only a relatively small element of rival mobile companies’ overall costs, so it is unlikely that Virgin would be able to raise leased-line costs in a way that would lead to higher charges for consumers.

They added that competitors in the market offering the same leased-line services, including larger rival BT Openreach, would keep competition healthy.

[boix] 14/12/2021 06:44

Waldron
o2 and Virgin Media merged completed earlier in 2021- actually agreed in principle several years ago.
Hardly news?

[waldron] 14/12/2021 05:53

Europe Markets

European markets head for lackluster open as omicron concerns weigh on sentiment

Published Mon, Dec 13 202111:58 PM EST

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open in positive territory but sentiment remains cautious amid the continuing spread of the omicron Covid variant.

The U.K.’s FTSE index is seen opening 18 points higher at 7,257, Germany’s DAX 17 points higher at 15,632, France’s CAC 40 up 5 points at 6,949 and Italy’s FTSE MIB 20 points higher at 26,586, according to data from IG.

[waldron] 14/12/2021 05:42

O2 is in talks to merge with broadband and TV provider Virgin Media in a move which would create one of the UK’s largest entertainment and telecoms companies.

Telefonica, the Spanish company that owns O2, confirmed it is in discussions with Virgin Media’s US owner Liberty.

[fhmktg] 14/12/2021 00:08

Still no news on the 300 million trade....

[colonelgrim] 13/12/2021 18:33

...and 'NO' this was not my BUY!

[nige co] 13/12/2021 16:32

Agreed Sid, todays reported off the book trade for 331 million shares is over 3% of the company, so a RNS should follow within a couple of days.

[eaaxs06] 13/12/2021 16:28

It will be interesting to see what RNS's are issued in the next day or two.

Good luck everyone, Sid.