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BT

BT Group plc

5/24/2013, 9:56 AM ET

Quote & Headlines Market Currents StockTalk

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Friday, May 10, 1:42 PM BT (BT +11.8%) soars after delivering a better-than-expected FQ4 report, hiking its full-year dividend by 14% to £0.095/share ($0.145/share, 3.3% yield), and announcing a £300M/year buyback plan for FY14 and FY15. BT expects FY14 normalized free cash flow to be even with FY13's £2.3B ($3.5B), and see it rising in FY15 to £2.6B ($3.9B). Capex in FY14 and FY15 is expected to be "broadly level" with FY13. BT's fiber subscriber base more than doubled in FY13 to 1.5M. But slumping wireline demand and lower mobile termination rates are taking a toll: Global Services revenue -3% Y/Y in FQ4, Retail flat, Wholesale -5%, Openreach (wireline infrastructure) -5%. (PR) Comment! [Tech, Earnings, On the Move]
Friday, May 10, 8:12 AM BT Group (BT): FQ4 EPS of 8.3p. Revenue of GBP4.79B (-2% Y/Y). (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, March 26, 1:58 PM The EU has an ambitious broadband agenda: It wants 50% of regional households to have 100Mbps+ connections by 2020, and all households to have 30Mbps+ connections. To deliver on these goals, the EC is now proposing every new home support high-speed broadband, and (estimating up to €60B in savings) is looking to cut permit wait times for broadband and 4G tower building permits. However, the proposals come as legislators, citing the continent's economic woes, consider slashing €50B-€70B from the digital part of the Connecting Europe Facility. 2 Comments [Tech]
Thursday, March 14, 2:22 PM European carriers rally as continental equities move higher and an EU summit in which budget rules are taking center stage gets underway. FTE +6.1%. TEF +3.8%. TI +5.2%. VOD +2%. BT +5.4%. Comment! [Tech, On the Move]
Monday, February 25, 9:03 AM Disney's (DIS) ESPN will sell its sports networks in the U.K. and Ireland to BT Group (BT) for an amount reported to be in the "low tens of millions." The move comes after ESPN lost the broadcasting rights to Premier League soccer in the region. Comment! [Global & FX, Consumer]
Wednesday, February 20, 5:43 AM The U.K.'s auction of 4G spectrum has raised £2.34B, below the government's expectation of £3.5B and well below the £22B raised in a 3G auction in 2000. Five operators won spectrum, including Vodafone (VOD) with a bid of £791M, Everything Everywhere (DTEGF.PK, FTE) with £589M, Telefonica's (TEF) O2 with £550M, and BT's (BT) Niche with £186.5M. 3 Comments [Tech, Consumer]
Friday, February 1, 3:18 AM BT Group plc (BT) +4.6% in London after pretty good FQ3 results. Investors were concerned about a "global services decline [and] slowing revenue" and "they beat on all of those," Sanford Bernstein says. Comment! [Earnings]
Friday, February 1, 3:11 AM BT Group plc (BT): FQ3 Ebitda +2% to £1.55B vs. consensus of £1.52B. Revenue of £4.5B (-6%) vs. consensus of £4.485B. Net profit of £484M vs. consensus of £486M. (PR) Comment! [Earnings, Breaking News]
Monday, January 14, 1:30 PM EU regulators push ahead with efforts to harmonize telecom regulations across member states. Brussels is hoping to improve the financial health of European carriers and make it easier for ones serving different markets to merge, thereby reducing the pressure for ones in the same market(s) to consolidate. Already, debt-laden giants such as TEF, TI, and FTE have reportedly talked about pooling network resources, as they contend with slumping voice/text revenue brought about by macro issues and the impact of data services. Comment! [Tech]
Monday, December 31, 2012, 6:00 PM The latest stats show mobile data traffic growth isn't slowing down in developed countries, observes Tero Kuittinen: booming sales of tablets and large-screen Android phones seem to be responsible. It might be just a matter of time before all this traffic forces carriers to raise their capex - there are some signs it's already happening. That's good news for the likes of Ericsson (ERIC), Procera (PKT), and Ruckus Wireless (RKUS), but less so for European telcos struggling with giant debt loads and declining voice/text revenue. Comment! [Tech, Quick Ideas]
Thursday, December 20, 2012, 4:55 AM Vodafone (VOD), BT (BT), and Telefonica's (TEF) O2 are among seven bidders who will take part in the U.K. government's auction of 4G spectrum, which is due to kick off next month. Ofcom, the regulator, has put a £1.3B reserve price on the sale, although the there are estimates that it could bring in £3.5B. Holland's auction on Friday raised £3.1B. Comment! [Tech, Consumer]
Thursday, July 26, 2012, 1:39 PM France Telecom (FTE +7.7%) surges after reporting 1H revenue fell 3.2% Y/Y to €21.8B ($26.5B), a little better than a €21.7B consensus, and reaffirming guidance for 2012 operating cash flow of nearly €8B. The numbers are soothing to investors on edge over macro issues, huge debt obligations, and competition from French discount carrier Iliad. FTE is hoping its phone subsidies and retail footprint will allow it to maintain a price premium. TEF +6.2%. TI +4.4%. BT +4.7%. Comment! [Tech, Earnings, On the Move]
Friday, July 13, 2012, 12:17 PM The EU is backtracking on plans to force incumbent telcos to charge lower fees to rivals to use their networks to deliver broadband services. The decision, which is part of a broader effort to set rules aimed at stoking the continent's broadband investments, appears to be giving a lift to the shares of debt-laden incumbents. BT +3.9%. TI +4.5%. FTE +5%. DTEGY.PK +5.7% on the Frankfurt exchange. Comment! [Tech, On the Move]
Monday, June 25, 2012, 7:06 PM The bad times may be about to get worse for European mobile carriers. Thanks to a bleak macro environment and triple-digit penetration rates (the result of consumers owning multiple devices), some countries are actually reporting subscriber declines. Meanwhile, competition remains intense, and mobile data adoption is both pressuring voice revenue and leading to escalating capex needs. This could prove a toxic mix for debt-laden incumbents such as TEF, TI, and FTE. Comment! [Tech, Quick Ideas]
Wednesday, June 13, 2012, 2:52 PM BSkyB (BSYBY.PK) and BT Group (BT -3.1%) win the rights to air English Premier League games domestically with a combined bid of £3B ($4.6B) - marking a 70% increase over the price on the current contract set to expire at the end of 2012. International rights will be awarded later this year, with both Disney's (DIS +0.2%) ESPN and News Corp's (NWS -0.5%) Fox in the mix. 1 Comment [Global & FX, Consumer]
Thursday, May 10, 2012, 6:38 AM BT Group (BT): Q1 EPS of $0.08 beats by $0.02. Revenue of £4.87B (-3.6% Y/Y). (PR) Comment! [Earnings]