Added to YB: 2025-12-02
Pitch date: 2025-11-28
BT-A.L [neutral]
BT Group plc
+2.3%
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 17.7B
Pitch Price
GBP 1.81
Price Target
N/A
Dividend
4.51%
EV/EBITDA
5.53
P/E
18.87
EV/Sales
1.96
Sector
Diversified Telecommunication Services
Category
value
Theodosian Capital | Stocks Update 28/11/2025 - BT/A – Switch off starts up
BT-A.L (update): Sale-leaseback of telephone exchanges costs £0.3bn/yr rent (+3% annually) until 2031/2036, but FTTP investment completing 2026 makes copper network redundant. Exchange closures already starting (4,600 total), creating cash flow upside as property leases become unnecessary. 10x FY27 P/E, 4.7% yield.
Read full article (1 min)