BT Deals & M&A – Page 2
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M&A
BT’s smart locker sale gets regulatory green light
Pelipod acquisition by connected locker player ByBox granted CMA approval.
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Strategy & Change
Drahi builds BT bet as stake nears 25%
French billionaire ups BT holding via Altice UK vehicle but shushes takeover talk.
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Premium
Trooli set to become latest in UK altnet consolidation
Founders of fibre challenger resign, making way for director appointments by anticipated buyer, Vauban Infrastructure Partners.
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Elsewhere in BT Group: BT sits on fence over Three–Vodafone merger
BT sits on fence over Three–Vodafone merger, but acknowledges potential for more efficient market.
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Elsewhere in Openreach: Openreach initiates ‘shallow build’ trial to extend FTTP network
Openreach initiates ‘shallow build’ trial to extend FTTP network
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Competition watchdog reviewing BT’s planned Pelipod sale
Sale of ‘smart locker’ enabler, announced at end of 2022, comes under CMA microscope.
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Contractor Morrison Telecom Services buys out competition, strengthens Openreach ties
MTS acquires part of Light Source Design from administrators, saving 83 jobs.
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Premium
Union “deeply concerned” over BT Sport redundancies
More than 200 BT Sport staff put at risk of redundancy following transfer to Warner Bros. Discovery.
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Premium
BT agrees sale of Pelipod logistics business
ByBox indicates deal should be completed in early‑2023
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Strategy & Change
UK altnet Giganet plots wholesale play to counter Openreach threat
After acquiring ISP Cuckoo, the altnet’s next move is opening its network. Wholesale is necessary to compete with Openreach and “just makes business sense”, says CEO Jarlath Finnegan.
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M&A
BT’s Allera backs Vodafone–Three merger
Marc Allera says arguments against consolidation are “out of touch with the reality today”.
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Financial & Performance
BT to face continued BT Sport losses, despite new JV
New joint venture with Discovery estimated to reduce Group revenue by £300m−£350m for FY22−23, with £500m−£600m cut from future FYs.
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M&A
BT mulling ‘various options’ for loss-making logistics business
Pelipod, enabler of the telco’s Final Mile network, is under review and could be offloaded.
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M&A
BT rescues startup to help prep fintech expansion
Acqui-hire move sees Wales-based Monva amalgamated within BT’s digital services division.
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M&A
BT Sport enters “exciting new chapter” with Discovery merger
50:50 joint venture rubber‑stamped, combining assets of BT Sport and Eurosport UK.
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Strategy & Change
Government drops probe into Drahi’s BT stake
Business Secretary closes investigation into Patrick Drahi’s 18% stake acquisition, deeming it no threat to national security.
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Network & Infrastructure
North Wales’ Fibrespeed network could be put in play
Devolved body looking at options for publicly owned North Wales’ network ahead of 2025 contract end point. Move comes after US private equity buyout of project partners.
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Premium
Elsewhere in BT Group: Altice USA eyeing up Suddenlink
Altice seeking sale of US subsidiary to pay down debt and potentially up stake in BT; face‑off between Swantee and Dunne in Phones 4u High Court case.
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M&A
Eutelsat in talks with OneWeb to build unified satellite player
French satellite operator Eutelsat confirms talks to merge with UK government-backed OneWeb.
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M&A
BT–Discovery merger gains regulatory approval
Competition and Markets Authority signs off on long-mooted 50:50 JV.