Added to YB: 2026-06-02
Pitch date: 2026-05-29
BT-A.L [neutral]
BT Group plc
Author Info
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Company Info
BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
Market Cap
GBP 20.4B
Pitch Price
N/A
Price Target
N/A
Dividend
3.98%
EV/EBITDA
5.24
P/E
19.33
EV/Sales
2.09
Sector
Diversified Telecommunication Services
Category
value
Theodosian Capital | Stocks Update 29/5/2026 - BT/A – Kgone?; Bond; Bharti 2.0
BT-A.L (update): Potential sector consolidator post-FTTP (25m premises connected), can buy altnets, migrate to fibre, decommission for accretive returns. KCom up for sale at discount to £627m. FCF rising £2bn→£3bn by decade-end. Raised €850m 8yr bond at 3.875%, 2.8x oversubscribed, targeting BBB+/deleveraging. UK may block Bharti (24.5%) raising stake—aids buyback flexibility. 11.7x FY27 P/E, 4.1% yield.
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