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No matter how many potential takeover stories emerge ISTM that the newly-discovered governmental concern to protect key infrstructure means that no non-UK entity will be allowed to take a contolling interest here .The errors of the past eg ARM,energy suppliers,nuclear power generation ......are unlikely to be repeated in a more volatile and politically unstable world.
That said, it is apprent to almost everybody except UK based investors that BT is an unique, critical part of the modern interconnected world and depite its issues with pension liabilites , rollout costs etc is worth far more than the current MC. In the city chatter this morning I have seen £40 bill quoted as a value for OPENREACH alone!
I am happy to hold here until a significant part of that value is reflected in the SP and dividend stream rather than take a quick tho' in my case substantial profit.
I think that Considering the government has given BT tax breaks to help support its national super fast fibre roll out, it seems very unlikely that BT will be allowed to be taken over not just for potential security implementations, but also because they wouldn't want all the revenue benefits resulting from the government supported completed national fibre
infrastructure going abroad. The likely scenario may be to fully break up Openreach from Bt group so that they operate as 2
completely separate companies in their own rights. bt group can then be taken over by whoever wants it.
The bouncing on this highlights that if it becomes clear BT can’t be bought in it’s current form the SP won’t achieve potential. I understand the view that once new network is rolled out it can be highly profitable but my concern is the politicians will get interested in it again at that stage.
All put together, for me the current interest has potential to accelerate some breaking up of BT, and what we should see then is that the sum of the parts prove to be more representative of its true value.
"Reliance denies takeover intentions, SP falls!"
Words are cheap - Action costs!!!
Reliance denies takeover intentions, SP falls!
Big Boy Games being played out - sit on hands and watch aimo
Reliance Industries denies reports it intends to acquire BT
Stock Markets5 minutes ago (Nov 29, 2021 10:03)
Three Major Share Holders Germany, France & India plus Institutional Invester . In between them they Hold Share approximately 55 to 60 %. All they eyes for BT. Openreach to demerge with GBP 40 Billion and current BT. market Capital is just 16.5 Billion
So this is a right time to move in.
Good Luck
i think this could fly as the uk govt is breaking its neck to get a trade deal with india so could use bt as leverage to achieve there aims jmho.
(Sharecast News) - Potential suitors including private equity outfits CVC and Apax, and infrastructure investors including Brookfield and Macquarie, have conducted fresh analyses to determine the value of BT's Openreach unit, which owns the infrastructure that connects most homes in the UK. The cable division might fetch £40bn. Franco-Israeli telecoms tycoon Patrick Drahi's Altice UK already owns a 12.1% stake in BT and from 11 December will be able to buy more shares. That would allow him to apply greater pressure on BT's board to sell a stake or even all of Openreach. A full takeover nevertheless is considered to be unlikely, due to the group's size, pension fund liabilities and potential political hurdles. - Financial Mail on Sunday
BT shares jump on reported interest from India's Reliance
Shares in BT have jumped 7%, after reports that India’s conglomerate Reliance Industries is considering a takeover bid.
Economics Times reported that Reliance, controlled by billionaire Mukesh Ambani, could make an unsolicited offer to buy into BT Group or try to get a controlling share in it.
They say:
Asia’s richest man, Mukesh Ambani, may have set his sights on the UK to expand Jio’s telecom footprint.
Reliance Industries is weighing a bid for UK telecoms group, BT, formerly British Telecom, according to multiple people familiar with the matter.
These sources suggest Reliance could make an “unsolicited offer to buy into the company or even stake a claim to corner a controlling share”, Economics Times adds:
Alternatively, it may propose to partner networking or fibre optic arm Openreach and fund its expansion plans, even though the company had last month said it was shelving the earlier plans of roping in a financial or strategic joint venture partner to connect an additional 5 million homes. BT said it would fund the expansion and roll out itself.
https://economictimes.indiatimes.com/news/company/corporate-trends/reliance-industries-weighs-bid-for-uks-telco-bt-group/articleshow/87970538.cms