New Street Research - British Telecom (BT) BT (Buy, £2.00, +77%) Q3 results: New CEOs first day record FTTP build

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New Street Research

James Ratzer

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BT (Buy, £2.00, +77%) Q3 results: New CEO's first day & record FTTP build

BT has reported Q3 results marginally ahead of consensus expectations and all FY24 financial guidance has been re-iterated. Today is also the first day in the job for new CEO, Allison Kirkby, so in this note, we look ahead to what she could be focused on for the FY results in May and we review the Q3 trends in more detail and what stands out.

01/02/2024 1 EN

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British Telecom

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New Street Research

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James Ratzer

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BT (Buy, £2.00, +77%) Q3 results: New CEO's first day & record FTTP build

BT (Buy, 220p, +53%) The press is not right – Mittal has not “completed” his purchase yet….

BT Group (Buy, 220p, +64%) Was 225p Q2 25: Is the share price decline justified?

UK Altnet Update: Talk of demise might be premature

Alphabet (GOOGL, Buy, $213 target) Forget Chrome, 3P payments are the heart of the issue

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

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