New Street Research - British Telecom (BT) BT (Buy, 195p, +65%) H1 24 - An early Christmas present for Alison Kirby

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New Street Research

James Ratzer

EUR 8590.00 For Business Accounts Only

BT (Buy, 195p, +65%) H1 24 - An early Christmas present for Alison Kirby

Maybe Philip Jansen is demob happy to be leaving BT; maybe he had seen the market share price reaction this morning, but we thought the BT management sounded the most confident they had been in many years on the earnings call that has just finished, with particular focus on the strength at Openreach.

02/11/2023 1 EN

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British Telecom

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

James Ratzer

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BT (Buy, 195p, +65%) H1 24 - An early Christmas present for Alison Kirby

TalkTalk (1st Lien - Overweight) New capital injection a mixed blessing– Our Take

BT Group (Buy, £2.65, +26%) Q1 26: The line loss debate continues (in a better way)

EU Telecoms: Half-time 2025 Review Sector has outperformed: More selective stock picking needed

Is $3-4tn AI infrastructure spending in 2030 credible?

Nvidia: growth next year confirmed; $3-4tn AI infrastructure spend in 2030? Buy, $235 TP

Altice France (SFR) (Overweight) Q2 25: OpFCF guidance retained despite weak SR and EBITDA result

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