Member Info for fleccy

"You guys help me a lot"

These may help Obelix with further investment decisions:

https://justflipacoin.com/#flip-a-coin

https://flipacoin.fun/#!numbers=1&sides=3&length=1&sets=&last_roll_only=true&totals_only=false&start=true

If anyone does attend the AGM, can they ask about a future dividend, just kidding.

"Network access provider Openreach (BT) today claims to have launched a “game changer” new Ethernet product – OSA 100G Single (Optical Spectrum Access)"

https://www.ispreview.co.uk/index.php/2023/07/openreach-uk-launch-impressive-new-osa-100gbps-product.html

https://www.youtube.com/watch?v=5DOEEo7-iZA

My guess is that BTC and Crypto in general is suffering low liquidity, as retail are shunning it for various reasons; Part of it may be reputational, with many enthusiasts already getting burned, and other things like AI drawing in the speculative cash. The large investors and other vested interests are likely looking for ways to pump the price, possibly by finding alternative sources of funds through Spot ETF's, drawing in new cash via the back door from institutional funds and pension schemes. Spot ETF's feel like an attempt at bailing out big players, who borrowed money and made big bets on BTC that are now showing signs of turning bad, and possibly leaving their institutional backers on the hook for losses. For example, if the price of Bitcoin collapses, MicroStrategy stock value will likely collapse with it and since all the debt is invested in Bitcoin, the assets backing that debt will decline in value along with the price of the token. Personally I laugh out loud when I hear Bitcoin described as Digital Gold, Digital Fools Gold would be more apt.

It makes sense to do what they've done, they'll still own a good percentage of the tower company so any rental charges will be offset, they'll benefit from other customers renting space on the towers, and any land rental/access/wayleave costs will be shared between the partners, I don't see this as a bad thing. Towers will always be needed, with even more added over time.

If there is an agenda, it's to hold down prices while large interests mop up stock cheaply, as it becomes available over time. It wouldn't surprise me if there are ways to covertly build pools of stock, among various entities, to get around reporting rules; There are supposed to be rules preventing such practices, but some recent large purchases in the Telecom space would suggest otherwise. Off Book trades and derivatives seem to allow big players to accumulate large holdings without significant price movements.

Yet another ridiculous story aimed at the Telecom industry, it defies belief that anyone would take this latest story seriously. I have no idea what Telecom companies have done in the US, but but this is totally irrelevant to the UK, where cables are mostly overhead or in ducts. It's laughable that anyone would this story seriously. It looks as though its being pumped by the same vested interests who've been talking Telecoms down for many years. I wonder why this is aimed at Telecoms and not power or water suppliers.

"Another top up today and I will cross 7mil shares, Happy Obelix for sure"

So based on the current price you've bought at least £100,000 worth of QBT stock? You remind of a story, I heard, of a man who sold everything and bet the lot on Black or Red in a Vegas casino; Considering QBT has never made a profit, you must be really sure of QBT's ability to sell their product.

He never told me his purchase and sale price, but apparently it was only a small sum of money involved.

Jamboner he isn't my son in law, he's my daughters partner, they're progressive lol. He had a dabble on the recommendation of a friend. His foray into and out of the Crypto zone happened well before the subject came up in discussions with me, so my opinion in no way influenced him either way.

I'm sure I've told you this before!

I haven't read the report in the link, but I assume it's the recent BOA report or something based on it. Tokenisation of assets has been discussed for a while, with things like company shares held and traded through blockchains, with records of the transactions stored on chain in the blocks; This sort of thing wont happen on public blockchains, these will be managed and traded on centralised exchanges with none of this decentralised public node nonsense.

"I’m guessing we won’t ever be able to change the speed of light"

Actually the speed of light in glass Fibre is around 200,000 km/s, whereas the speed of light in a hollow core fibre is 300,000 km/s. I don't think hollow core fibres are currently used commercially, but BT have been experimenting with them, probably for certain niche commercial projects. Unfortunately we haven't yet cracked subspace, where's Scotty when you need him?

Aus, economies of scale suggest BT will be able to purchase Equipment, Fibre and everything else cheaper than the Altnets. CityFibre have decided to go XGS-PON, partly for marketing purposes and primarily to support more customers per OLT; BT have decided to use GPON, since 99 percent of home users don't need XG-PON and less need XGS-PON. Most users, me included, are doing just fine with 35mb download and 5mb upload using FTTC, so the only reason I can think of for XGS-PON is as I've already stated, to increase customer count per OLT. A nominal useful speed for home use will probably be around 100mb/s, for most, with very few needing more for the foreseeable future, so anyone paying extra for more are simply throwing their money away; The winners will be the cheapest and most reliable providers, with speeds of around the 100mb/s to 150mb/s in my opinion. As far as online gamers are concerned, latency is most important and with the move to cloud it'll be the fastest core networks that'll matter, so distance to gaming server and number of hops will be important. Once BT have completed their Fibre rollout, their CAPEX will fall of a cliff and the cost savings from convergence, building closures, and staff reductions, will also show through on the bottom line, so at that point who do you think will be able to offer the cheapest service, BT or the Altnets? My money's on BT. Currently BT are constrained by OFCOM, look at the controversy over Equinox 2, but once the Fibre rollouts are complete and BT is no longer shackled, they'll be free to truly compete on price, lets see how the Altnets cope with that with many are already struggling.

Isn't Greece being supported by the ECB, buying Greek debt under its emergency PEPP program until the end of 2024? The EU/ECB papering over the cracks as usual. On the subject of EU member states Bonds, because the EU have a currency union, and not a debt union, it can lead to huge spreads between Bond Yields for different member states, leading to friction; A country like Germany can borrow at a cheap rates to subsidise new industry, like Tesla, whereas club med countries are stuck with expensive debt and are uncompetitive due to a high Euro; It really is winner winner chicken dinner for Germany, club med keeps the Euro lower, making German exports cheaper and more competitive, while club med are stuck with too high a currency and higher debt repayments.

"Using DWDM existing technology we can send 24 separate links over a single fibre at high data rates, up to at least 50 g per service."

You can send a lot more than that, currently there are commercial DWDM systems carrying 19.2 Tbits/s, which equates to 192 100Gb channels per Fibre pair, and there may be higher capacity systems than that. Because of the properties of glass, they have to use limited wavelength bands in the ranges 850nm, 1300nm and 1550nm. Hollow core fibre is air filled so lower latency, and doesn't suffer the attenuation/dispersion effects seen in transmission through glass, so hollow core fibre transmission shouldn't be restricted to certain bands, and have theoretical bandwidth capacity orders of magnitude higher than glass fibre, but those sort of bandwidths will never be required in the access network. As far as PON's are concerned, clearly the current systems are only using a fraction of the possible capacity, limited by the equipment on the ends.

The bandwidth for applications like self driving vehicles won't be dramatic, Video is high bandwidth but that's built into the contract pricing. I'm with Plusnet and my 4G sim only deal costs me £6.86 a month, with unlimited calls/texts and 5Gb data allowance, if I wanted unlimited data it would cost me more. I disagree with your claim that lower prices hurt the biggest player more, since scale matters in Telecoms; Yes the big player may suffer a drop in revenue from lower prices, but the small players get crucified since they can't offset operating cost across geographies and applications. I worked as a Field Engineer for a significant chunk of my career and found the maintenance/provisioning areas shifted as the company experimented, to see if they could maintain SLA's and reduce costs, the larger the company the greater the opportunity to reduce costs, I'd suggest BT will be able to reduce operating costs massively over the next 10 years.

Bluepete and Expat, it isn't just BT who're being punished by the market is it, the whole sector is being hit, apart from Deutsche Telekom who're being singled out due to their US T Mobile holding. Jansen's been clear and upfront on strategy, he's also telegraphed where the cost savings will come from over time. You guys can do what you want, but my personal view is that the Telecom sector will see a miraculous upward rerating at some some point, with the narrative turning bullish, I'll just hold and top up while I wait.

Aus I don't know about dog trackers, but I assume the £2 a month is to cover the service charge and mobile connectivity? In terms of mobile bandwidth, the tracker will use an infinitesimally small amount in the scheme of things, so no extra investment required there; I would also suggest the initial cost of the tracker incorporated a percentage of the cost paid toward network connectivity. The service provider supplying the service, will need to pay a cut to the Mobile provider as well as the Telecom provider supplying connectivity to the server, so all these small incremental charges multiplied across millions of potential users, add up to big margins for the Telecom providers; Add growth from new and developing IOT applications and you can see how Telecom companies will grow margins over time, for no extra outlay.

"Fleccy, plus the business facing divisions (now division) have taken so much pain from customers leaving legacy high price services like MPLS and closing their datacentres"

I think there'll always be services similar to MPLS, since there'll always be customers who want guaranteed lower latency built into their SLA's and more secure connectivity, maybe something combining the benefits of MPLS and SD-WAN. BT are also developing products around Hollow Core Fibre and QKD, which opens up possibilities around more bandwidth, lower latency and Quantum secure connectivity.

"As Jansen’s role was actually about securing the long term future of the company rather than shareholder value "

It depends if you're a short term or long term holder, I think shareholder value is enhanced by the long term future of the company. It isn't Jansen's fault if the market are ignoring the long term cost savings as a result of the transformation, which is what he's recently been saying. The market's are supposed to be forward looking, so why are they holding the price of Telecom stocks down during a once in a hundred years transformation? Could it be that they're quietly building holdings over time, in an industry that controls every aspect of media and business connectivity, with new applications on the horizon driving new revenue streams?

Everything from big tech, cloud, broadcasting and IOT connectivity will become ever more important as time goes on, and to provide service to all those things you need Fibre and 4/5G. One example of a revenue earner from IOT, might be driverless cars with AI traffic control eventually becoming a reality; Cars could be speed controlled and diverted automatically to ease congestion, but you need fast reliable networks for that to become a reality and the Telecom providers will earn revenue from new application's like that.