BT Deals & M&A – Page 3
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Financial & PerformanceBT to face continued BT Sport losses, despite new JV
New joint venture with Discovery estimated to reduce Group revenue by £300m−£350m for FY22−23, with £500m−£600m cut from future FYs.
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M&ABT mulling ‘various options’ for loss-making logistics business
Pelipod, enabler of the telco’s Final Mile network, is under review and could be offloaded.
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M&ABT rescues startup to help prep fintech expansion
Acqui-hire move sees Wales-based Monva amalgamated within BT’s digital services division.
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M&ABT Sport enters “exciting new chapter” with Discovery merger
50:50 joint venture rubber‑stamped, combining assets of BT Sport and Eurosport UK.
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Strategy & ChangeGovernment drops probe into Drahi’s BT stake
Business Secretary closes investigation into Patrick Drahi’s 18% stake acquisition, deeming it no threat to national security.
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Network & InfrastructureNorth Wales’ Fibrespeed network could be put in play
Devolved body looking at options for publicly owned North Wales’ network ahead of 2025 contract end point. Move comes after US private equity buyout of project partners.
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PremiumElsewhere in BT Group: Altice USA eyeing up Suddenlink
Altice seeking sale of US subsidiary to pay down debt and potentially up stake in BT; face‑off between Swantee and Dunne in Phones 4u High Court case.
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M&AEutelsat in talks with OneWeb to build unified satellite player
French satellite operator Eutelsat confirms talks to merge with UK government-backed OneWeb.
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M&ABT–Discovery merger gains regulatory approval
Competition and Markets Authority signs off on long-mooted 50:50 JV.
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Public AffairsBT eSIM strategy entangled in UK security reviews
The fire sale of eSIM platform developer Truphone has reportedly been disrupted by security services concerns linked to a remote SIM provisioning contract with BT.
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Strategy & ChangeDrahi returns to BT spotlight amid fresh takeover speculation
All eyes on French billionaire as six-month ban on BT takeover bid expires tomorrow.
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Public AffairsDrahi’s BT stake raises national security concerns
UK Business Secretary Kwasi Kwarteng wields National Security & Investment Act to review, and potentially reverse, Altice UK’s latest BT stake acquisition.
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CorporateOpenreach’s Selley in the dark about Drahi’s aims
Openreach CEO has met the Altice UK owner several times over the years. Selley sees BT as a “very good owner” that has the UK government’s ear.
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Network & InfrastructureCellnex wins over BT and CMA to secure Hutchison UK tower merger
BT appeased by recent strengthening of its own Cellnex partnership. Cellnex to complete €10bn, six-country deal following approval of UK merger.
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M&ABT Italia offloads SAP services subsidiary
BT Global continues ‘global not national’ streamlining programme with the sale of Italian IT outsourcing outfit ERPTech. €4m+ deal leaves Italia lightweight but focused.
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M&ADiscovery JV: BT Sport to be unbundled from BT
Another twist to the tale as BT and Discovery enter exclusive discussions. Jansen indicates agreement encompasses Eurosport UK and ‘Discovery app’, hinting at sports content tie-up; says deal has “no downsides”. The move could be a huge blow to DAZN, which appeared to have secured an $800m buyout.
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PremiumBT wary of Cellnex compromise on CKH tower merger
Spanish InfraCo willing to sell enough sites from existing estate to enable new UK tower player to emerge, overcoming CMA concerns on competition linked to planned CKH infrastructure acquisition. Four companies already stepped forward as potential buyers. BT remains concerned about impact on MBNL and 5G investment plans.
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Public AffairsCellnex offers CMA deal to secure Hutchison UK tower merger
Spanish InfraCo willing to sell enough sites from its existing estate to enable a new UK tower player to emerge, and overcome CMA concerns on competition linked to its planned CKH infrastructure acquisition. Four companies have already stepped forward as potential buyers. CTIL objects to being positioned as a ...
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M&ADAZN retakes lead in BT Sport race
Sports streaming specialist in pole position to land $800m deal. Discovery JV still a possibility, but cash injection may be preferable as BT invests in 5G and fibre rollouts.
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Financial & PerformanceBT’s M&A chaperone boosts takings
Boutique advisory firm Robey Warshaw reports a 50% jump in sales from corporate deal-making tasks. Partner of BT and Vodafone appears primed to benefit from industry’s new wave of consolidation.