BCE Bid Implies Upside For KPN, BT

 |  Includes: BCE, BT, KKPNY
by: Tim Poulus

Pension funds and private equity are performing an LBO at BCE (NYSE:BCE).

Its valuation, 7.8 times EBITDA over the trailing twelve months, implies an equivalent bid level of EUR 14.93 at KPN (KPN) (a 21% upside) and GBP 438 (a 31% premium) for BT Group (NYSE:BT).

Check out the underlying calculations:

click to enlarge

bt bce kpn