The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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"No one should think that much of P.I is any kind of "independent" journalism on the part of P.I"
It appears to be Alliance News articles initially shaping the narrative of this story. As I said, in previous posts, I don't understand why there was no mention or analysis of the Vodafone MVNO agreement, which seems more relevant than any competition concerns for BT.
In reality, I'm being ironic when I say I don't understand why there's no mention of VMO2's Full MVNO agreement with Vodafone, in my opinion the story was wholly targeted at BT investor sentiment for reasons I can only guess at.
You'd think the Telecom sector would be wrapped up in the hype around big tech, since big tech's business models are entirely dependent on the Telecom sector. I suspect big players are slowly mopping up Telecom stocks, whilst simultaneously driving down investor sentiment.
A LOT of Proactive Investor articles and interviews are paid for by the companies themselves ...
Proactive Investor takes the text script and publishes it to their "followers" for a fee
No one should think that much of P.I is any kind of "independent" journalism on the part of P.I
"That’s a very good point and one which OR analysts will have the data for too"
From some of the articles quoting Altnet sources, it appears the Altnets are struggling to convince prospective customers on the difference between FTTC and FTTP. The Altnets are complaining that prospective customers can't distinguish between Superfast and Ultrafast broadband; Speaking for myself, my 35mb FTTC connection is currently more than adequate, so I suspect many others are also happy with their Broadband connection. There's no doubt the Altnets will pull in some households quickly, possibly Gamers and users who are more engaged, buying into the hype, but there are many who wont be interested in the hassle of changing supplier. I suspect the Altnets are struggling to turn premises passed into customer connections.
Have noticed several providers over the last few months installing fibre in BT ducts, none of them appear to be doing it in a quality manner. Lengths of cable snaking up and down footpaths with no guarding or personal to safeguard the public, vehicles badly parked, many without hazard lights or beacons on, cones around open manholes instead of gate guards. It all appears to be being done in a rush by the installers, likely they are getting as much in the ground any way they can before the cash runs out…
It's one thing passing a premise, it's another signing up customers, many of whom will be tied into contracts with their current ISP.
That’s a very good point and one which OR analysts will have the data for too, they’ll know exactly how long a customer has been with a certain ISP wether through new installation or upgrade… that’s like knowing the enemies battle plans …
I know someone who lives in Bolton and CF had gone through the OR copper cable 3 times in a distance of about 150 metres the whole street were cut off until OR rocked up and fixed it overnight including civils I imagine it’s an ongoing problem as altnets are working on price contracts not salaries in most cases..
"Agree mate, it simply doesn’t suit their agenda."
With the current noise, and drop off in volumes, I can smell skullduggery lol. My Spidey sense is tingling.
"We can’t have vans of 3 companies in the same area using the same boxes ducts and poles at the same time lol can you imagine the raucous between them all fighting to get their kit in lol"
A month or two ago, CityFibre contractors were installing ducting along Crompton Way, then cabling out to BT poles; I assume they're using PIA in conjunction with some of their own ducts. It's one thing passing a premise, it's another signing up customers, many of whom will be tied into contracts with their current ISP.
I agree, but what I don't understand is why the story was aimed at BT, and made no mention of the implications for the Vodafone MVNO partnership, signed in Nov 2019. The fact there was no mention of the MVNO tells its own story imo.
Agree mate, it simply doesn’t suit their agenda.
"Maybe if some of authors of these pieces actually sat down and looked at the cost savings of 20,000 engineers gone also 4,600 exchanges closed"
I agree, but what I don't understand is why the story was aimed at BT, and made no mention of the implications for the Vodafone MVNO partnership, signed in Nov 2019. The fact there was no mention of the MVNO tells its own story imo.
Also to add the spine of the FTTP network is already in all over the country as spare fibres go from headend in the exchange to every super fast and Gfast cabinet on the street corners and can be used. These dark fibres constitute a large part of the build already in place.
Fleccy you say you live in the Bolton area and CF are there now installing, I believe there’s a gentleman agreement not to overlay while work is still ongoing and it’s planned with OR and the altnets. We can’t have vans of 3 companies in the same area using the same boxes ducts and poles at the same time lol can you imagine the raucous between them all fighting to get their kit in lol…
Maybe if some of authors of these pieces actually sat down and looked at the cost savings of 20,000 engineers gone also 4,600 exchanges closed with all the maintenance and power and a hundred years of investment in the copper network taken out and sold then it might give them food for thought.
Alliance News release a story aimed at BT, followed a couple of hours later by Deutsche Bank downgrade on BT. Is someone shaking that tree?
https://www.dreamstime.com/royalty-free-stock-images-profit-making-easy-to-edit-vector-illustration-businessman-plucking-dollar-shaking-tree-image32198809
It looks as though the narrative around this story was shaped by Alliance news.
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There is a lot of business news around, but much of it is of little use at the point of trade. It may be too late. Too long to read when time is short. Or flat out wrong. It also tends to be about the same well-known companies over and over again.
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https://www.morningstar.co.uk/uk/news/AN_1634535739382466900/virgin-media-o2-launches-first-joint-product-in-bid-to-take-on-bt.aspx
No mention of the Vodafone MVNO agreement in the Alliance News articles, again I wonder why? You'd think an existing MVNO agreement with Vodafone would be more relevant to the story, than any competition risks for BT. Does anyone else have any views on why the story neglects to mention Vodafone at all?
Proactiveinvestors attack BT at every opportunity. The article below suggests that VMO2's VOLT is offering all about BT/Openreach, no mention of Vodafone who VMO2 currently have an MVNO deal with. Clearly the article's part of the sustained barrage aimed at impacting investor sentiment toward BT.
https://www.proactiveinvestors.co.uk/companies/news/963496/volt-heaps-pressure-on-bt-as-deutsche-bank-repeats--sell--advice-963496.html
The Vodafone/VM MVNO announcement Nov 2019.
"The new Mobile Virtual Network Operator (MVNO) agreement, which runs until 2026, will see Vodafone supply wholesale mobile network services, including both voice and data, to Virgin Mobile and Virgin Media Business."
https://www.virginmedia.com/corporate/media-centre/press-releases/virgin-media-and-vodafone-strike-new-mobile-deal
https://newscentre.vodafone.co.uk/press-release/new-mvno-virgin-media/
What really cracks me up, is that Virgin Media signed the MVNO agreement with Vodafone just 6 months before they announced the merger with O2; Anyone think the VM/O2 tie up decision wasn't rushed?
Funny that proactiveinvestors make no mention of Vodafone, wouldn't you agree?