Sector
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BT's Openreach has "little choice but to accelerate" its fibre broadband rollout in order to gain scale quickly amid reports that Virgin Media is seeking to expand its fibre footprint
The Competition & Markets Authority will extend its investigation to include any concerns over national security or competition
The telecoms group is to move to a new site in Aldgate by the end of 2021, when it has to move out of its current HQ near St Paul’s, which it sold off last week for £210mln
The new ultra-high capacity cloud platform will allow network operators to open their networks to “a new ecosystem and value chain, such as internet-of-things applications”
The FTSE 100 group will become the biggest telecoms company in Europe when the €18.4bn deal completes around the end of this month
As part of the deal, BT will lease back the 300,000 sq ft building for up to 30 months while it moves its headquarters to a new location in London
The Competition & Markets Authority is launching a probe to check if the takeover may reduce competition in the market
BT will also look at reducing capital expenditure, cutting costs and borrowing more to help fund the expansion of the fibre broadband network
After swinging to a massive loss last year, Vodafone recently slashed its dividend, which should free up some cash to help fund its 5G rollout
Under IFRS 16, retailers now need to include leasing obligations in annual statements of assets and liabilities.
The telecoms giant has started talks with potential buyers of BT España, according to the Telegraph.
"We look forward to utilising these funds to accelerate our growth and to delivering value for our shareholders," said chief executive Dr Zvi Marom.
BT recently upped its pledge to deliver fibre-to-the-home (FTTH) to 4mln customers by March 2021, raising BT’s capex, which in turn “threatens [the] EBITDA recovery”
Analysts reckon a “virtuous circle” of rising revenue and faster deleveraging, alongside an “attractive” 6% dividend, will restore confidence in the unloved telecoms giant
Telecoms group bought 90 MHz in the 3.6 GHz band for €1.07bn and another €806.5mln for 40 MHz of 2100 MHz spectrum
"This partnership enriches our telecoms network virtualisation offering with the addition of Clavister's high-performance cybersecurity solutions,” said BATM chief executive Dr Zvi Marom.
The FTSE 100-listed telecom and broadband provider said Belfast, Birmingham, Bristol, Cardiff, Edinburgh, Ipswich, London and Manchester would be key locations for the group
Credit Suisse expects BT’s move away from sports rights ownership to boost free cash flow by up to £200mln by 2023
The contract is for three next-generation GX satellites, with the first scheduled to launch in the first half of 2023
Regulator Ofcom says fully opening up the network will help increase overall investment in high-speed broadband and 5G mobile