BT Group Plc £BT.A - A Valuation On 11th June 2021
Structural shifts towards full-fibre internet and 5G mobility are opportunities. But, can the company manage its huge debt pile, pension deficit, and enormous fixed costs?
BT Group is a British multinational telecoms business. It operates primarily in the UK but has smaller operations in around 180 other countries across Europe, the Middle East, Africa, the Americas, and the Asia Pacific region. BT is the UK’s biggest fixed-voice and broadband provider and offers TV and mobile services.
The company consists of four main business lines:
Consumer — 40.7% of revenue — Offers mobile, broadband, home phone, and TV services under the BT, EE and Plusnet brands.
Enterprise — 22.4% of revenue — Sells communications and IT services to businesses and public sector organisations and provides network products and services to communications providers. Its services include fixed voice, mobile, fixed connectivity, and IT services.
Global Services — 15.3% of revenue — Offers connectivity, communications, and IT services to multinational corporations. Its services include voice and data network, managed, security and network, and IT infrastructure services.
Openreach — 21.…