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    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
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DAZN Reportedly in Advanced Talks to Buy BT Sport

09/21/2021 | 11:02am EDT

DAZN Group Limited is in advanced talks to buy BT Group plc’s sports business. An agreement between the two companies could be struck within weeks, according to multiple people with direct knowledge of the talks. It would enable the telecoms company to exit sports broadcasting and focus on expanding its 5G and full-fibre networks and developing new connectivity services. A deal would reshape the UK broadcasting landscape after nearly a decade of rampant competition between Sky and BT in both the sports and broadband markets. DAZN has proved to be an emerging threat and this year it outbid Sky Italia for the rights to broadcast Serie A games as part of a €2.5bn deal. The streaming company would net high-profile English Premier League games to bolster its fledgling UK business as well as rugby union, some cricket rights and niche sports including Australian Rules Football if it takes over the BT unit. Kevin Mayer, chair of DAZN, told a media conference last week that the streaming company would ultimately “love” to have rights to the Premier League and that it was “possibly” interested in acquiring BT Sport which he described as a “great business”. There is no certainty a deal will be struck, however, with negotiations over a number of factors including price, which could be in the region of hundreds of millions of pounds, and a licensing agreement between the two companies still under way. A sale is complicated by a cross-licensing deal that BT has with Sky, meaning the satellite broadcaster has to approve the deal. The two companies have held talks over a potential change in ownership. BT could still opt to partner with another player on sports broadcasting or keep the business in-house. Talks have been taking place with a number of interested parties for more than six months after the telecoms company appointed investment bank Lazard to explore options for the business. BT and DAZN declined to comment on the talks.


© S&P Capital IQ 2021
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Analyst Recommendations on BT GROUP PLC
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Financials
Sales 2022 21 024 M 28 994 M 28 994 M
Net income 2022 1 587 M 2 189 M 2 189 M
Net Debt 2022 18 427 M 25 413 M 25 413 M
P/E ratio 2022 8,49x
Yield 2022 5,34%
Capitalization 13 631 M 18 820 M 18 799 M
EV / Sales 2022 1,52x
EV / Sales 2023 1,55x
Nbr of Employees 99 700
Free-Float 74,2%
Chart BT GROUP PLC
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BT Group plc Technical Analysis Chart | BT.A | GB0030913577 | MarketScreener
Technical analysis trends BT GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 137,55 GBX
Average target price 188,04 GBX
Spread / Average Target 36,7%
EPS Revisions
Managers and Directors
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Ulrica Fearn Group Finance Director
Jan Petrus du Plessis Chairman
Howard Watson Chief Technology Officer
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