Member Info for wetherboy

The 2020 triennial valuation was dated mid May so hopefully not long to wait now.

Rivaldo. If you’re still around what’s your current take on clx? I see Spirent are getting a few broker upgrades. TIA.

Cheers. Butmac.

Anything interesting to report in that article?

The big question is how will the price react on this news. If there’s any reaction at all. Maybe no one’s interested.

CEO

Colossal failure?

Not for me personally I don’t think.

It say's that Vorboss want BT & Openreach split up but that Vodafone Group Plc, Comcast Corp.’s Sky and TalkTalk Telecom Group Ltd. supported the Equinox 2 price offer.

UK altnet scene ripe for M&A
VM O2 CEO Lutz Schüler seems a keen advocate for M&A in the UK’s crowded fibre infrastructure scene.

Responding to analyst questions at Telefónica’s Annual Results presentation last month, Schüler said VM O2 would be “open for consolidation” and likely have the backing of shareholders Telefónica and Liberty. Increased capital costs (brought about partially by high inflation rates), he maintained, pulled into “deep question” whether many altnets are sustainable long-term projects.

He cited “very low” altnet penetration rates, of between 15% and 18%, as a vulnerability for smaller challengers.

Schüler’s comments followed quickly on the heels of reports that VM O2 was among several providers considering offers for altnet Trooli, which could be worth in excess of £100m. The Kent-based fibre builder passed 275,000 premises with its fibre network as of August 2022.

As well as funding constraints and the limitations on household budgets, a potential driver for M&A among UK altnets is Openreach’s proposed Equinox 2 pricing discount (Telefónicawatch, #170), currently under review by Ofcom, which — its critics claim — is specifically designed to disincentivise ISP migration from Openreach to alternative players.

To CityFibre’s Mesch, the pricing proposal represents an affront to market competition and, as he put it, comes “straight out of the playbook of a dominant operator using its market power and advantages to maintain its dominance”.

https://www.ii.co.uk/analysis-commentary/insider-heavy-buying-after-share-slump-ftse-250-tech-firm-ii527233?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-WKLY-ENGAGE-weekend_round_up_180323%20(1)&utm_content=newsletter&spMailingID=24887884&spUserID=NTAzMDE1NTA5OTc2S0&spJobID=2193504127&spReportId=MjE5MzUwNDEyNwS2

Copy of Ofcom response:

https://www.ofcom.org.uk/__data/assets/pdf_file/0026/255527/letter-melanie-dawes-to-philip-jansen-060223.pdf

Copy of Jansens letter:

https://www.ofcom.org.uk/__data/assets/pdf_file/0027/255528/letter-philip-jansen-to-melanie-dawes-060223.pdf

Silly me. Director buys we’re dated 13th

I’m happy for the directors to be getting shares at these prices. Will their buys show in the trades on this site?

Proactive investor article................. Check it out

Presumably if BT wanted to spin off Openreach or a large shareholder exerted pressure to do this then BT would transfer ownership of the network to the new entity. Or am I missing something?

It’s worth registering. Some very interesting articles on altnets and this one that mentions Drahi and possible spin off of Openreach. https://www.telcotitans.com/btwatch/dont-bank-on-the-big-two-for-buyouts-brit-altnets-warned/5454.article

From last year so possible already posted.

Price seems to have ticked up in past hour or so.

https://www.theregister.com/AMP/2023/03/03/bt_business_voluntary_redundancy/

Don’t be fooled into thinking the government is reducing the CGT and divi allowances to encourage us to become wealthy with our ISA investments. Once we all top up our ISA’s they’ll be hot on our heels with some sort of cap on its value or some sort of tax. We are being taxed to death in the uk by a government that seems to be attacking the middle earners trying to save for their later life rather than becoming a drain on the welfare state in retirement.