Bt Share Discussion Threads

[diku] 20/8/2024 09:13

Any reason why BT didn't do a deal with Cityfibre?...

[diku] 20/8/2024 09:13

New investor stake need to be sweated out...

[action] 20/8/2024 09:03

Buy now or wait for 133p. Anyone?

[careful] 20/8/2024 08:39

'1.3 million homes in the future in hard to reach areas' hardly justifies BT shares being hammered.
BT 25 million customers today.

BT have been building fast fibre infrastructure like crazy, a huge potential going forward.
It has cost us billions.

[fundamentals23] 20/8/2024 08:38

Overreaction IMO- it's just a tie up with one provider in London.

[isis] 20/8/2024 08:31

Competition is fierce, there's probably too many players now. Get's very confusing but I get a package with Virgin and no problems in London.
Not sure what the Sky contract is worth but a big deal for Community Fibre which I often get flyers through the door for.

[1224saj] 20/8/2024 08:18

Read the article, then read it again. Sky will access remote areas through City Fibre that are not covered by Openreach. Market reaction is a buying opportunity. Also our latest billionaire investor would have known about this and still jumped in. All is well, stay strong :-)

[diku] 20/8/2024 08:09

Jockeying for deals now...recent BT results...BT talks about 2030...punters want jam today not future...

[smurfy2001] 20/8/2024 07:54

Thanks.

Sky’s Full Fibre Broadband is expected to be available on CityFibre’s full fibre network from next year. Longer term, this will include over 1.3 million homes in hard-to-reach areas through CityFibre’s extensive participation in the Government’s Project Gigabit Programme.

[s2lowner1] 20/8/2024 07:51

hxxps://cityfibre.com/news/sky-and-cityfibre-sign-partnership-to-bring-sky-full-fibre-broadband-to-the-cityfibre-network

[smurfy2001] 20/8/2024 07:45

There’s no confirmation of this though is there?

“Sky is poised to strike a broadband deal”

[davius] 20/8/2024 07:39

Rather an over-reaction in the share price in my view, so they'll be expanding into the expensive to install hard to reach rural areas. They might even be considered as doing BT a favour.


"While there is some overlap between the rival networks, it is expected that Sky will use the CityFibre deal to expand its customer base in areas that Openreach does not currently cover.

This is expected to include over 1.3m homes in hard-to-reach rural areas as part of the Government’s £5bn Project Gigabit programme."

[netcurtains] 20/8/2024 07:33

On the plus side, it does prove that the Daily Telegraph still has readers and is possibly a viable newspaper.

[netcurtains] 20/8/2024 07:16

I'm losing money now...

[davius] 20/8/2024 07:16

From the Telegraph:

Sky strikes deal with BT rival in broadband expansion push
CityFibre tie-up announced amid race to roll out high-speed internet connections

James Warrington
20 August 2024 • 7:30am

Sky is poised to strike a broadband deal with one of BT’s biggest rivals, The Telegraph has learnt.

The provider is set to launch its broadband services on CityFibre’s network from next year, amid fierce competition to roll out high-speed internet connections across Britain.

The tie-up will come as a blow to BT, which currently hosts all of Sky’s roughly 5.7m broadband customers on its Openreach network.

CityFibre, which is one of a number of so-called “alt net” broadband firms, currently reaches 3.8m premises across the country and is aiming to hit 8m by the end of next year.

While there is some overlap between the rival networks, it is expected that Sky will use the CityFibre deal to expand its customer base in areas that Openreach does not currently cover.

This is expected to include over 1.3m homes in hard-to-reach rural areas as part of the Government’s £5bn Project Gigabit programme.

The broadband market is currently experiencing intense competition as rivals race to build full-fibre networks and sign up customers.

BT last month revealed it lost almost 200,000 customers from its Openreach network in the second quarter – its deepest decline on record.

Bosses have blamed increased competition, as well as a sluggish broadband demand more widely and slow progress in building new homes.

An Openreach spokesman said the Sky deal “was expected as the UK’s fibre broadband market becomes ever more competitive” and added: “We’re very confident that we’ll continue to be the UK’s fibre partner of choice.”

The deal with Sky will hand a much-needed boost to CityFibre, whose network is used by providers including TalkTalk and Vodafone.

It will also mark a setback for Virgin Media O2, which announced plans to offer wholesale access to its broadband network earlier this year and had been in talks with Sky about a potential deal.

“Alt nets” – short for alternative networks – have struggled to gain ground in the face of BT’s rapid rollout. Many are facing growing financial pressure after surging interest rates put their debt-funded business models under strain.

CityFibre, which is backed by Goldman Sachs and Abu Dhabi wealth fund Mubadala, saw its losses nearly double to £210m in 2022 following a sharp rise in the cost of servicing its £1.8bn debt pile, according to its latest financial figures.

The company was forced to cut up to 400 jobs – roughly a fifth of its workforce of 2,000 – at the start of last year in a bid to reduce costs.

Bosses have said the company turned a profit in the first quarter of 2024, putting it ahead of its target of breaking even by the middle of this year.

Nevertheless, the tough financial backdrop has fuelled expectations of a wave of consolidation in the market.

Bosses at Virgin Media O2 have held early-stage discussions with CityFibre about a potential takeover deal. However, the company is now thought to be more focused on a potential swoop on TalkTalk, the struggling provider that last week secured an emergency lifeline from Sir Charles Dunstone, its billionaire founder.

Amid the surge in building by broadband companies, Sir Chris Bryant, technology minister, last week urged providers to end the deployment of unnecessary telegraph poles amid concerns unsightly infrastructure is blighting communities.

He said: “Our dedication to rolling out fast and reliable broadband across the country is unwavering. But this must happen in a way that is mindful of local communities, many of whom have expressed dismay when their road is dug up yet again or yet another telegraph pole appears in their street.”

[netcurtains] 20/8/2024 07:12

what on earth?

[netcurtains] 20/8/2024 07:12

It falling like a lead balloon.

[scemer] 20/8/2024 07:08

Probably news report on sky city fibre deal

[davius] 20/8/2024 07:06

ex-div 8th August. What's this drop about then...

A chance to buy back those I sold last week perhaps.

[netcurtains] 20/8/2024 07:03

The big fall....

Has it gone ex-dividend today?

[davius] 19/8/2024 08:40

I halved out last week, taking my average to... drum roll... 8.35p.

Shame it's only 5000 shares though, haha.

[smurfy2001] 18/8/2024 21:41

netcurtains, they like a bargain like l do ;)

[1224saj] 18/8/2024 19:22

The only day my local newsagent sells out of the ST :-(

[diku] 18/8/2024 09:08

Free phone calls...

[netcurtains] 18/8/2024 08:36

BT has full page spread in Sunday Times...

What does the new Indian 25% owner "really want?"