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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BT Group plc    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
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BT : Britain's BT to pull out of retailer Dixons Carphone

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09/11/2020 | 12:01pm EDT
FILE PHOTO: People walk past British Telecom headquarters in London

Britain's BT said on Friday its mobile network EE would not renew its contract with retailer Dixons Carphone, and would instead focus on its own online and retail channels.

"After more than 20 years of close partnership, we have taken the hard decision to not renew our EE Mobile contract with Dixons Carphone, and shift our focus and investment to growth in our own stores and online channels," BT said in a statement.

"This has not been an easy decision to take and follows many months of challenging discussions and negotiation."

A spokesman for Dixons Carphone said its contract with EE to sell pre and post-pay plans would come to an end this month but current customers would be unaffected.

"We are well underway with our strategy of moving to a new, more flexible and transparent mobile offer that gives better value to our customers, and this offer is set to launch early next year," the spokesman said.

In April, Britain's O2 mobile network also cut ties with Dixons Carphone after it failed to agree a partnership deal.

(Reporting by Paul Sandle, editing by Louise Heavens)


Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP PLC -0.52% 99.36 Delayed Quote.-48.04%
DIXONS CARPHONE -0.60% 107.0485 Delayed Quote.-25.31%
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Financials
Sales 2021 21 537 M 28 278 M 28 278 M
Net income 2021 1 440 M 1 891 M 1 891 M
Net Debt 2021 18 382 M 24 136 M 24 136 M
P/E ratio 2021 7,14x
Yield 2021 -
Capitalization 9 842 M 12 934 M 12 923 M
EV / Sales 2021 1,31x
EV / Sales 2022 1,27x
Nbr of Employees 105 300
Free-Float 85,9%
Chart BT GROUP PLC
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BT Group plc Technical Analysis Chart | BT.A | GB0030913577 | MarketScreener
Technical analysis trends BT GROUP PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 153,71 GBX
Last Close Price 100,00 GBX
Spread / Highest target 194%
Spread / Average Target 53,7%
Spread / Lowest Target -58,6%
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Managers
NameTitle
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Jan Petrus du Plessis Chairman
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Howard Watson Chief Technology & Information Officer
Iain C. Conn Senior Independent Director
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