BT Deals & M&A
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M&A
BT welcomes Bharti’s ‘long-term’ thinking as Altice ousted
CEO Allison Kirkby says Bharti ‘recognises long-term value’ of BT Group as it picks up a 24.5% stake, but what does Bharti bring that Altice didn’t?
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Strategy & Change
BT Radianz is latest B2B unit to be put up for sale — report
Group reported to be looking for buyers for financial services unit in latest move to slim down, cut back.
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M&A
BT Ireland catches eye of Macquarie-backed Viatel — report
A new report from The Irish Times says Viatel Technology Group, a Macquarie-backed digital services provider, is looking with interest at BT Ireland as “all options” are being explored for the Group’s international B2B businesses…
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Strategy & Change
‘New options’ emerging for DT’s stake in BT — Höttges
Deutsche Telekom CEO Tim Höttges sees things “going into our favour” at BT as German operator’s ‘biggest mistake’ begins to turn around and new international shareholders target the operator.
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M&A
BT, Sky urge CMA to block Vodafone-Three merger
BT and Sky make last-ditch arguments to prevent the merger of Vodafone and Three that would combine the UK’s third and fourth mobile operators.
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M&A
BT takes another step towards Irish exit — report
Emergency call handling contract set to expire as BT reportedly readies for Ireland exit.
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M&A
América Móvil’s Slim nibbles another slice of BT
Interests linked to the Mexican magnate have added another percentage point to the single-figure-stake they acquired in BT in June, taking the operator’s foreign telco ownership beyond 40%.
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Strategy & Change
India’s Bharti steps in as BT’s new largest shareholder
BT Group reunited with 1990s partner, but this time as junior, with new India connection talked up. Investment anchored as ‘vote of confidence’ in CEO Allison Kirkby’s strategy. Road to regulatory approval appears relatively smooth. More on Altice retreat…
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People
Ex-BT CEO Philip Jansen named WPP chair
Advertising giant WPP appoints Jansen to Non-Exec Chair role, amidst rumours of Rentokil buyout…
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M&A
BT outlines investment fears as Vodafone−Three merger tips spectrum scales
Operator overwhelmingly backs CMA’s decision to launch in-depth merger investigation and calls for closer attention to be paid to the unprecedented spectrum asymmetry that could follow. Ericsson, altnets, and trade unions also weigh in…
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M&A
América Móvil’s Slim buys into Kirkby’s vision for BT
Interests linked to the Mexican telecoms billionaire have acquired a 3.2% stake in BT, with BT remaining neutral on the development.
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Strategy & Change
BT CEO prioritises scale as asset monetisation talks re-emerge
As BT considers options for BT Global, where scale was never achieved, CEO Allison Kirkby will use the same measure in discussions about potential portfolio changes elsewhere.
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Weekly Briefings
BTwatch Weekly: BT adds to concerns about Vodafone−Three UK merger, EE Finance gets Patterson’s Glow
Latest from BT and its ecosystem of partners and suppliers in a week where the UK’s competition authority revealed the level of concern it has about Vodafone UK’s proposed merger with Three — with BT’s networks found to be one potential flashpoint. EE continues retail revamp; Etc. ignites EV charging trial; and Business advances its Portfolio makeover…
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M&A
BT revives Ireland sale talks as Kirkby picks up where Jansen left off — report
BT said to be considering BT Ireland sale as new CEO Allison Kirkby attempts what Philip Jansen could not. A sale would extend the asset-light strategy taken on at BT Business…
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People
Ex-BT CEO Patterson takes chair of edtech company Kahoot
Gavin Patterson named Chair of new Board of Directors at recently privatised online learning platform company Kahoot.
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Suppliers & SCM
BT Sourced chief: procuretech Globality now ‘core’ to Group buying
Cyril Pourrat heralds autonomous sourcing specialist as “way beyond indirect”; now handling two-thirds of BT Sourced spend. Foresees procuretech platform consolidation, driven by AI and users…
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Premium
Elsewhere in BT Consumer: BT’s brief interest in consumer electronics reseller musicMagpie dies a quick death
BT’s brief interest in consumer electronics reseller musicMagpie dies a quick death.
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M&A
BT eyes musicMagpie: flailing gadget marketplace offers circular economy, consumer tech boost
musicMagpie confirms “very early” talks with BT and private equity partner Aurelius as operator seeks to spin up circular economy credentials, stretch into consumer retail via New EE.
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Strategy & Change
Höttges gives BT a year, but ‘all ideas’ on the table
Deutsche Telekom Chief Executive Timotheus Höttges sets expectations for incoming BT CEO Allison Kirkby as rumours circulate about the future of Deutsche Telekom’s BT stake.
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M&A
BT braces for Deutsche Telekom takeover bid — report
German incumbent said to be interested in spearheading takeover bid of British counterpart and take it private.