Member Info for NDNIC00

Tof
“It’s about to get cheaper still on May 7 when the dividend cut, decrease in earnings, increase in pension deficit and debt are announced. “
You really do have a short memory don’t you. You recently stated that the BT pension deficit on this board to be £10b more than it was and you were corrected by myself. I also gave you the correct figure as of June last years trustees report, the next valuation is due this coming June. Again you are misleading people by stating there will be an increase in pension debt, not true for May 7th as the pension debt figure will not change until the pension valuation is out in June.
Lots of noise but no substance or even factual information , more guess work from tof.

Seven day suspension looks like the reason, warning shot across the bows... eh.

Hi. BT have been running ads in the break in the ITV evening news, using celebs to explain what non tec savvy people can use the internet for. Giving out a positive message for the public, I think most businesses already know how they can adapt and may well have been receiving info by email linked to there accounts with BT.

Politicians, there’s the answer, they never give a defined answer to any question, just an answer that can be interpreted several ways. Yes things are changing in the background a little here a little there, that way they can reduce or extend lockdown without committing to anything. Weather it’s to deceive or to allow for a fluid situation is down to personal trust of politicians in general. At the moment I think many of them are like rabbits in the headlights, they do not know which way to go, they need to protect the population, but how long will the population be content to be in lockdown. As we are now starting week 5 people will probably be ok with 6 weeks, after that someone is going to have to make difficult decisions, which ever way it is there are going to be hard questions to answer and justify.

Perhaps “ not deleted” just his broadband has finally given up on him...

Devastated!!!

BT has always had a policy of voluntary redundancies, so if there were to be a need to cut numbers due to the impact of Covid then I would expect it to be in the same vain. But to be honest I can’t see there will be a need to cut any more than currently planed for this year, at present there appears to be in some areas of the business, more work than expected. This could end up with fewer people leaving than has been planed for this year due to the impact of Covid.
Good to see this board is now frequented by informed debate rather than some of the posters recently.

Yes. What is that all about ???

Fleccy wow. See you are managing to fill your retirement time, some of us just dig the garden...

Thing is if you take a payment holiday, you still have to pay it in the end one way or another. As for contracts between OR and ISPs they are probably a fixed term, would think 5 years, do not know how they make payments but would suspect something like. Deposit, annual payment then end of term payment. OR should get it’s money OK, perhaps a bit like a travel company having a number of rooms in a hotel, they pay the hotel for the rooms they are allocated, it’s up to the travel company to fill them, the hotel still gets paid weather or not they are all filled.

Where dose the 14billion pension deficit come from ???
BT pension scheme accounts year ending June 2019.
A detailed financial health check of the Scheme, known as a valuation, is carried out every three years by the Scheme’s Actuary. The last full valuation was carried out as at 30 June 2017 at which time the funding level was 81% and the funding shortfall was £11,295 million. In the years between formal valuations, the Scheme Actuary provides an update which shows how the funding position has evolved since the last valuation date. The most recent update showed that between 30 June 2017 and 30 June 2018 the deficit had reduced to £8,321 million
So last June it was 8.3 billion, looks like someone has lost 5.7 billion umm maths eh a hard subject for some.

“ £1.7 billion needed to pay for the government’s pension changes “.
Please get your facts correct, please do not mislead people with part info. The changes mentioned by you, are proposals, not yet implemented, in fact the government has said it wishes to involve companies that it MAY impact and that it is considering a phased change IF it is implemented. Also BT has been to court over this in 2017 as it wished to make the change to section C it lost the case, but the fact that it went to court shows they knew the cost to them if it had won the case.

Southend to Brighton .

If that was in the south we may well have meet at a C&W TAN.

My comments on Vod are in relation to there operations in the UK, I completely understand there influence in other countries, much like Telefonica. I would bet that most of the population if asked about Vod would think of a mobile or BB provider and not a network provider as well. Then again I guess the same could well be said for most of the population in regard to BT.

The worrying thing is that some of these experts are unable to grasp logic. They are so academic in there thinking that the logic side of anything is not considered, almost as if they are unable to comprehend common sense.
Velos, thinking has much more of the logic side of the consideration than so called experts, what you might call a considered view. Vod is seen by many still as a mobile provider rather than a network provider, with 5g being the new thing and the future perhaps they are seen as the future rather than BT. There core network is what they inherited from C&W and nowhere near as big or up to date as BTs, let alone much smaller in geographical size. This sell off sounds more like kicking the can with the hope they can improve there situation in the mean time. If they can’t then we may see them getting rid of the network division and concentrate on mobile.

" However, BT needs to reinvest huge sums of money into maintaining, renewing and upgrading its infrastructure and services almost all the time. Indeed, operations are capital-intensive. And without the ongoing investment, the business could slip further. I reckon that’s probably the main reason for the huge borrowings BT carries." From fool article.
Just shows again how little these so called experts know about the UK telecoms networks and services.
Almost every business product supplied by BT today, and for many years is Fibre based, there is no cost in network upgrades for existing Fibre services, just upgrade of existing end user kit or replacement of end user kit. In either case the end user is paying for the upgrade in kit and higher rental on the service. Also as some older products use two Fibres for service, but newer products are single Fibre working, it frees up Fibre in the network for other uses, you could say, buy one get one free.
The Fools comments are likely around FTTP broadband expansion, which has a cost, but, makes no mention of the fact that it has been rolling out at pace in the last few years, is now speeding up. The CAPEX of all this work has been planed for for a while so is not an additional cost that was not expected, its a cost that has been planed for, for several years.
As take-up of FTTP growers then maintenance costs of the network reduce at a rapid rate, ergo more profit per connection going forward. The business products from BT are not cheap, Backhaul products can cost tens of thousands to have installed, tens of thousands a year in rental, usually contract terms are for 5 years, so a predicted income going forward. Almost every mobil phone mast has at the least one such product, shared sites may well have several, just look around you and see how many antenna arrays are around, on there own at the side of the road, on the roof of buildings as well as traditional aerial masts. With the rollout of 5g the number will just keep growing, and so will the income.
The main issue with many "experts in investment" is they only see BT as a broadband provider to the public, therefor only consider the costs with upgrading from copper to Fibre, they either ignore, or more likely, did not even know about all the other services BT is relied upon to provide for our way of life. Oh and banging on about debt, we all have it at some time, as individuals or business, it is covered and planed for, at the end of the day there is more coming in than going out in simple terms, and over the coming years the in, is going to get higher and the out will lower.

“ or am I missing something? “. I could answer that, but I am to polite at this time of day.

Agree. This may well be a case of traders looking for any profit they can, a penny here a penny there. They also seam unable to see what is staring them in the face, when it comes to companies that the virus has little impact on, then again the information given by some traders, I am not surprised that they do not seam intelligent enough to understand simple logic. As this passes they will be under pressure to find places to put money that is at reduced risk of future outbreaks of the virus. Especially if, as I believe, the dividend is kept going forward, at some point common sense will prevail...

With £7 billion they could address the pension deficit, and more importantly be used to modernize its aging technology and roll out new infrastructure.
That one comment shows you really know nothing about telecoms networks.
The rest well. People have already given there opinion on that...