{"id":60118,"date":"2020-08-24T10:22:23","date_gmt":"2020-08-24T10:22:23","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=294276"},"modified":"2020-08-24T10:22:23","modified_gmt":"2020-08-24T10:22:23","slug":"bt-fortifies-takeover-defences-as-value-falls","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/08\/24\/bt-fortifies-takeover-defences-as-value-falls\/","title":{"rendered":"BT fortifies takeover defences as value falls"},"content":{"rendered":"

<\/p>\n

\tBT Group\u2019s board of directors reportedly prepared for a takeover bid from rival operators and investors, drafting in Goldman Sachs to update its defence strategy after its share-price dipped to its lowest level in ten years.<\/p>\n

Sky News reported BT had taken the steps to protect itself from takeover approaches after its market capitalisation reached \u00a310.1 billion, half of what \u201cmany analysts\u201d believe its Openreach arm alone is worth.<\/p>\n

Sources noted BT had not yet received a formal takeover approach, but added a number of large private equity companies are exploring the possibility of a joint bid for the group.<\/p>\n

Deutsche Telekom would likely be interested as it already owns a 12 per cent stake [1] in the operator.<\/p>\n

A bid would be significant politically, as BT committed to a \u00a312 billion investment in deploying fast broadband across the UK by 2030.<\/p>\n

BT is also expected to play a key role in shaping a new government bill later this year, outlining the country\u2019s approach to telecoms infrastructure security. Therefore, any takeover would be subject to intense regulatory scrutiny, added sources.<\/p>\n

However, given current value BT would no doubt be an attractive option to other players in the industry and investors.<\/p>\n

Its shares have dipped in recent years as forecasts of the amount required to deploy the high-speed broadband network have increased.<\/p>\n

The company also said last month [2] it would be hurt by the ongoing Covid-19 (coronavirus) pandemic, predicting falls in revenue and profit for the full year.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/deutsche-telekom-set-for-e3b-write-down-of-bt-stake
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/bt-hands-mtn-boss-enterprise-role-books-profit-drop<\/p>\n\n

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BT Group’s board of directors reportedly prepared for a takeover bid from rival operators and …<\/p>\n

The post BT fortifies takeover defences as value falls<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"BT fortifies takeover defences as value falls - ITTeacherITFreelance.hk","description":"BT Group’s board of directors reportedly prepared for a takeover bid from rival operators and ... The post BT fortifies takeover defences as value falls a"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/60118"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=60118"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/60118\/revisions"}],"predecessor-version":[{"id":60119,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/60118\/revisions\/60119"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=60118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=60118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=60118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}