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

EUR 8957.00 For Business Accounts Only

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.

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Analysts

James Ratzer

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Altice France (Most Preferred) Our take on the latest reported offers

According to recent reports on Bloomberg, an offer has been made from the SSN creditors to Patrick Drahi which is in response to the offer made by Drahi in July.

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

Cityfibre/ Sky/ BT: Our take A deal we have been expecting for some time

BT (Buy, £2.30, +63%) Drahi's position: Revealing what is going on

Dish seeks build extension (that we think they'll get)

Meta Platforms (META, Buy, $595 target) Next week’s Connect event should offer some ROI on Gen AI clues

Altice France (Most Preferred) Our take on the latest reported offers

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