BT (Buy, £2.30, +63%) Drahi's position: Revealing what is going on
Ever since Drahi’s surprised people by buying a 12% stake in BT back in 2021 and scaled up to 24.5% by 2023, there has been much discussion about how Drahi owns his stake and how it might be financed. This has material implications for any potential overhang on BT’s position, and our new analysis of his structuring leads us to believe that any overhang is much lower than the market might fear.
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
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We provide debt research on:
- Pan European Telecom Services and Cable
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