Member Info for Aus3009

Oh, I wonder why the market and other investors have nagging doubts or questions about BT?

Or even that they are allowed to do

So, as part of a normal investment cycle, where they might take stock, consider the food and the bad.

Maybe it’s the competition that doesn’t exist, or the debt that’s obviously not a problem, or the customer losses which are totally fine. Maybe it’s emerging technologies like 5 &

6G or low earth orbit satellites which obviously don’t or can’t work?

Who knows, they must all be totally wrong about everything, maybe they all just hate BT or just get up in the morning to be unnecessarily negative.

It’s a real thing, see lots of reports like this every where

https://www.ukfcf.org.uk/cable-munching-rats-cause-11-day-openreach-broadband-outage-in-doncaster-ispreview-uk/

Bobsbank - sure rats seem to like the taste. All operators are suffering from this problem, I would assume nowadays they have done something about this. With new materials or poison?

Slightly different but similar cost / vein - Energis used electricity pilons to carry their national fibre network. Weather and conditions made them brittle and almost useless within a surprisingly short period of time.

Fibre isn’t lay it and forget about like some would have you believe, network faults and damage don’t just stop when you replace copper with fibre

Snooze -

“Under Section 109(a) of the U.S. Bankruptcy Code, a foreign entity is eligible to be a "debtor" if it meets at least one of the following criteria in the U.S.:”

Most of them have American financing.

Any Altnet can be acquired and position to use Chspter 11 in the future

Did you look at oneweb?

Why are you fixated by chapter 11? You can choose any method you like for altnets to refinance and reduce their debt and therefore improve their operating conditions, point being, financial distress doesn’t need to lead to failure like all you blowhards are saying.

It’s not difficult is if? Why is this so difficult for you to get? Are you so focused on catching me out that you can’t see any other purpose to this board ? It’s very sad. It really is, but you can keep digging if really want to, makes no difference ce to me

Always a profit - AI just doesn’t work like that. If a question can be remotely understood and formulated in a sensible way, the textual response might be different but the answer will be the same.

As for brexit to answer your question - it indicates, shall we say kindly, particular challenges with facts, truth, reality.

As for chapter 11 - even though the method of refinancing isn’t important, it does matter that blowhards just want to shout everyone down

Do companies need to be incorporated in US? - I already know the answer, but AI response will confirm it and state detail better than me

Under Section 109(a) of the U.S. Bankruptcy Code, a foreign entity is eligible to be a "debtor" if it meets at least one of the following criteria in the U.S.:

Property: Possessing assets within the U.S., which can be as minimal as a bank account or a retainer paid to a U.S. law firm.

Place of Business: Having an office or operational presence in the country.

Domicile or Residence: Being incorporated or residing in the U.S. (this is just one of several ways to qualify).

Key Facts for Foreign Filers

Low Bar for Entry: The requirements are considered a "low bar," allowing many international companies to restructure under U.S. law even if they have minimal ties to the country.

Debtor-Friendly Benefits: Foreign companies often choose Chapter 11 because it allows current management to remain in control (as a "debtor in possession") and provides an automatic stay that can have worldwide effects on creditors.

Legal Challenges: While eligibility is easy to establish, creditors can still challenge filings by arguing they were made in bad faith or as a "litigation tactic". Courts may also dismiss cases if they believe the company’s home country is a more appropriate forum.

Apart from the usual examples I can give examples linked to BT

Oneweb - one web head quartered in London UK filed for chapter 11 protection in 2020.

There are different degrees of likely success for chapter 11. Fully incorporated US company will very likely get favourable outcome. Company with US bank account less so. Jobs, factories, offices, US legal representation are all sliding scales.

You can ask AI all you like, in different ways, but if you remotely ask it about one web and then ask who owned it prior to chapter 11 you should get the gist. It was incorporated in Channel Islands at the time, this is simply a matter of record.

As I said, it’s pretty irrelevant because the point is restructuring debt and returning to

Business stronger is the point.

I don’t think you will get a clearer indication on this board how much someone will argue long after they have been proved wrong (again)

Snooze - trawling through your old posts to find where you have called me a troll, or linked me and others to being trolls would be the kind of pathetic behaviour I leave to others, unless I’m looking for where I made a mistake, so I can admit it.

I doubt there will not be a regular visitor to this board who hasn’t read you insulting me and others by calling us trolls.

Often you get the response you are aiming for, but I’ve seen the light.

Snooze. - yes you have, you can’t even be honest about that.

Is there anything you can allow yourself to be honest about ? Honestly at this point, I don’t think you can find fault in anything you do or say ? Never mind consider any kind of conversation outside your personal opinions.

I feel sorry for the narrow nature of your being.

Always a profit yes, exactly

As I said to snooz it’s not really about chapter 11 it’s about refinancing, reducing debt and improve their operating conditions, regardless of the financial vehicle used chapter 11 being one of them.

Although most of them have already manoirvered in that direction, attempts to consolidate would include a phase / re-org to improve their chances of using these financial strategies in the best possible way. Chapter 11 probably preferred because it is so forgiving of debt, where American culture moves towards second chances and a business / success bias. (Rather than a fail)

Snoooz - you are so busy making a fool out of yourself in order to attack me at every turn (then in quiet periods accuse me of being a troll ( does anyone get that moron irony ?)

You miss the main points of any discussion.

Firstly, it does not matter which mechanism is used to refinance or reorganise, I propose chapter 1 being an option there are plenty of others ranging from strong arm to uk bankruptcy protection similar to chapter 11 (but not quite so forgiving)

The actual point is many of these companies can return stronger and fitter than they are today.

Asking how many companies currently own or finance Uk Alt networks is to show a complete & utter lack of understanding about where BT’s competition comes from (clue it’s not the bit laying fibre) & secondly it’s doesn’t matter because if they wanted to, consolidation steps would moves these companies into a position where chapter 11 could be initiated, if, if , if that’s what the plan would be.

Now please, go away, think about your appalling, embarrassing behaviour & quietly consider Dunning Kruger

Snoozeee

Question - can US owners of UK based altnets use chapter 11 to refinance debt

Yes, American owners of UK "altnets" (alternative network providers) can potentially use US Chapter 11 for cross-border restructuring, leveraging its broad eligibility (even minimal US assets like a bank account) and powerful tools like debtor-in-possession (DIP) financing, but it's complex, requiring coordination with UK insolvency laws (like Administration or Restructuring Plans) for full effect, as UK courts recognize US proceedings but offer less extensive protections than the US system provides domestically

Pokerchips - you are most likely correct, I see the same, have posted several times trying to let posters fill the gaps but the overriding, blind faith crew, just ignored the possibilities & shouted down anyone who might want to think about it.

It looks to me like a clear case of consolidation activity. Get reborn under a different name, restructured debt and off they go again.

The money and scale to consolidate most likely comes from usual suspects, virgin media, Vodafone, Sky (Comcast), Liberty, etc.

But do any of them have the appetite?

I’ve already explained where altnets or consolidators are tied to US they can use “chapter 11” to virtually erase / restructure debt and start again. Obviously usual suspects argue contrary because moves like this undermine their hollow rhetoric

Anyway, new arrival Starlink and Elon, take away his satellite technology & instead see his obvious and sudden interest in the UK BB market? Could he be an unexpected consolidator?. Probably not, but maybe he could be a part of a consortium?

I think it was snoooz who posted a valid point about how altnets have built over each other, which was stupid, but that doesn’t mean consolidators couldn’t cherry pick what they need.

This kind of logic then brings me back to Virgin Media again. Not because I love them, but because all this overbuild and lack of foresight means altnets cannot be brought together to challenge openreach fibre, but, can be used as a cheap method to start plugging virgin media network gaps.

Stupidly many altnets have built over VM areas, which leaves the whole consolidation idea in trouble.

This is what I mean about any alternative to openreach needs coordination. Who, if anyone is going to do it & is it too late?

Might all boil down to culture. If so, Comcast and Liberty global alliance would be the option, where their cable culture would hate the idea of using incumbent networks, because if their turbulent history with the major US comms companies.

Fascinating, but time is running out & for us as BT investors, this might make the difference between a £3 or £6 future share price.

Jams - I think you mean you’re.

If you are going to put yourself forward to represent the views of everyone else on this board at take time to make sense.

When confronted with so many wrong headed brexidiots on this board, it’s nice to know I’m doing something right.

Always a profit. I realise you struggle to keep up sometimes

But you’re twisting things to make silly point, which isn’t true.

It’s not okay for people to criticise me for using AI responses & also criticise the accuracy of these responses in the most horrible, bullying way

Then 1 month later, start using AI in the same way.

Hope that helps

Fleccy - so you don’t know what hypocrisy is ?

In this case it means

You denigrating someone else for using AI responses and doubting their accuracy

Then, using AI responses & positioning them as wholly accurate

Hmm. Didn’t you criticise me for using AI responses & then scoffe at the results ?

Shall we add hypocrite to the long list?

Looks like precursor to consolidation, someone somewhere will step up and get these very cheap. I suspect with debt “restructured”

Shame, I think Gigaclear adverts are brilliant when they refer to openreach services as “phone age”. For those without imagination it’s a nice little play on “Stone Age”

It’s not bad at what it does, will just get better. A neighbour of mine installed it for fun, he ended up getting far higher data rates than advertised. It was early days so things like gaming were sometimes difficult. I personally wouldn’t choose it over a fixed line, but lots of people will or need to. Personally I like to sit in the garden at night (in summer) and watch the satellites go overhead, very easy to see with naked eye and sometimes they are in formations

Good grief Fleccy please keep up.

I don’t need to explain what technological upgrade starlink may or may not have up their sleeve of that doubling the number of satellites more than doubles / trebles / quadruples their customer density.

The real point here is if they can take another 1% of customers away from BT’s potential base, added to the already large numbers a) leaving and the millions who have already moved on

5G broadband (big 4 all have a 5G network) starlink broadband, Amazon satellite broadband on its way, cable, sky, altnets etc etc all add up and is worth keeping an eye on.

Which bit are you struggling to understand or are you always going to hide behind meaningless technical detail about satellites can’t support every customer, when actually how many satellites probably can, but reality none of these services need to. Starlink doesn’t need to support high density customer bases to squeeze other player & as Bt investors we don’t need another character like musk envisioning consolidating uk market

Fleccy - you really don’t have any imagination do you or any ability to think outside your narrow opinions

For a start technical restrictions have always been transient, as technology develops boundaries change.

If I had a pound for every time a blowhard has told me data rates and frequency of changes make today’s speeds impossible I would be a very rich man indeed.

But apart from the boring technical stuff, starlink are looking to gain 1% of the market right now, who knows what plans for development they have for the future.

If you think another 1% of the market will not be using BT wholesale or retail, along with all the other competitors, doesn’t disrupt BT’s business then I really think people should stop listening to you.

I think this is interesting because no matter how much I hate musk, I know he has surrounded himself with people far smarter (than even me), so what kind of fool wouldn’t take this entry into BT’s front lawn seriously? From a risk to their investment perspective?

The mere fact this much money is interested in the uk broadband market should at least raise an eyebrow, to a functioning mind.

I do t know how many times I’ve had to repeat myself, in isolation none of BT’s competitors can disrupt BT, it collectively it is possible. The risk here isn’t Elon or VM or the altnets, it’s all them combined, if they were to organise themselves.

First sign of that, be it VM, Comcast or now Elon I would seriously consider changing my investment strategy, because I’m not sure BT can sometimes be too slow, too fixed in their ways and not really match fit until (maybe). Ext decade or so.

It’s not difficult is it? I already know you don’t agree, but that’s up to you, but you should give those who may be interested in thinking about these things space to do so.

I’m not sure a bunch of blow hards denying anything outside of their agenda counts as a discussion.

Those same blow hards all suffer from a lack of imagination. Same blow hards would have told you a starling kind of product was impossible 20 years ago.

Same blow hards are unable to understand disrupters don’t need to take every BT customer, they just need to take enough business to disrupt the incumbent.