New Street Research - British Telecom (BT) BT (Buy, 225p, +60%) Bharti deal will trigger more buying in the market

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New Street Research

James Ratzer

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BT (Buy, 225p, +60%) Bharti deal will trigger more buying in the market

Given our recent note on Drahi switching the way he owns his BT shares, the Bharti Global announcement to buy his 24.5% stake is very timely. In this note, we run through the mechanics of how we think this will work, and what this might mean.

12/08/2024 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:

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Pan European Telecom Services and Cable

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Analysts

James Ratzer

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BT (Buy, 225p, +60%) Bharti deal will trigger more buying in the market

UK Altnet Update: Talk of demise might be premature

UK Telcos Impact from higher employers' taxation in upcoming Budget

EU TELECOMS REFRESH: Can the outperformance continue?

LUMN Quick Hit: Lumen and Google sign PCF contract

Match Group (MTCH, Buy, $54 target) Quick Thoughts Ahead of the Print

LY Corp (Buy, TP: ¥585, +38%) Q2 FY24 Quick Take: Upgraded profitability guidance led by Media and PayPay

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