RE: Hybridium27 Apr 2022 15:51
People are over thinking this here.
BT’s not just line rentals (an essential services) broadband (increasingly so) BT sport and EE (quad play creating a robust quad play structure).
They offer new site services, Ethernet circuits to all businesses, are completing fibre cities and MDU programmes, repayments projects, and that’s just openreach.
Their portfolio is huge and a not all revenues are coming from residential rentals.
This type of stock is defensive and tends to do well when the market is struggling.