Added to YB: 2026-07-07
Pitch date: 2026-07-03
BT-A.L [neutral]
BT Group plc
-0.64%
current return
Author Info
No bio for this author
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 18.6B
Pitch Price
GBP 1.88
Price Target
N/A
Dividend
4.41%
EV/EBITDA
5.66
P/E
17.45
EV/Sales
1.99
Sector
Diversified Telecommunication Services
Category
special_situation
Theodosian Capital | Stocks Update 3/7/2026 - BT/A – International JV
BT-A.L (update): BT combines misfiring International unit w/ Verizon's in 50-50 JV (~$4bn rev, 3,000+ customers, 180 countries), completing 2027. Verizon pays $625m equalisation, likely accelerating deleveraging to BBB+. Simplifies focus on core UK biz (~90% rev). FY27 EBITDA guide barely dented (£8.1-8.2bn); FCF still targeting ~£3bn by decade-end. 10.5x fwd P/E.
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