Added to YB: 2026-10-13
Pitch date: 2026-10-09
BT-A.L [bullish]
BT Group plc
+2.58%
current return
Author Info
No bio for this author
Company Info
BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
Market Cap
GBP 19.0B
Pitch Price
GBP 1.94
Price Target
N/A
Dividend
4.32%
EV/EBITDA
5.72
P/E
17.85
EV/Sales
2.02
Sector
Diversified Telecommunication Services
Category
special_situation
Theodosian Capital | Stocks Update 9/10/2026 - BT/A – Transformative broadband acquisition
BT-A.L (update): BT’s acquisition of TalkTalk and PlatformX, with a c.£400m FY2027 cash impact, adds 2.5m customers at just £160 each, advancing its role as the financially stronger consolidator in UK telecoms. If TalkTalk’s £1.2bn of loss-making revenue reaches roughly half BT UK’s >45% EBITDA margin, estimated recurring EBITDA accretion could exceed 50% of the acquisition cash impact. Regulatory review is pending, though BT’s continuity-of-service argument is expected to prevail; integration underpins the accretion case. Shares trade at 9.9x consensus FY2028 earnings with a 4.6% yield.
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