Previous
Analysis: BT Faces Dilemma Over Debt
News Debt-ridden BT has found itself in a corner as the current downturn in the telecoms market shows no sign of abating. BT's debt problem is not about to go away and Daum feels the best solution could be to sit out the current crisis in telecoms stock.
[March 14, 2001, 14:10]
News Roundup: BT Must Face Up To Its Debt Problem
News Proposals for selling off BT Wireless are looking less promising following the disastrous float of Orange and its recent property selloff has not made much of a dent in the debt wallet. Shareholders are getting increasingly frustrated by the...
[March 21, 2001, 11:22]
BT Shares Hit By Moody's 3G Gloom
News The report, issued by credit rating agency Moody's, cast doubt on BT's ability to support its huge debt. In an attempt to reduce the £30bn debt by a third the company has considered floating BT Wireless, or selling Concert, its joint venture with...
[April 12, 2001, 15:03]
BT's Shares Drop On Strong Earnings
News British Telecommunications (quote: BT) beat analysts' expectations on its full-year profits Thursday, but concern over its growing pile of debt helped bring its share price down more than 75 points, or 7.5 percent, by the end of the day.
[May 18, 2000, 15:30]
BT's Vallance To Be Replaced By BBC Chairman
News BT's falling share price has led to much speculation that both Vallance and chief executive Sir Peter Bonfield could be forced out of BT, which is £30bn in debt. In the light of recent events at the BBC and BT Guy Kewney highlights certain...
[April 26, 2001, 7:35]
BT Pulls Plug On Shareholder Meeting
News Unconfirmed reports suggest BT (quote: BT) may have cancelled the shareholder meeting due to take place this evening as pressure mounts on the telco to explain its debt-reduction strategy. BT was due to discuss its £30bn debt with shareholders this...
[March 20, 2001, 11:46]
BT Splits But Experts Question Whether It Is Enough
News One of the main drivers of this is the crushing load of debt BT carries," she says. As a response to debt, Finger believes the split makes sense, and she can see benefits too for BT's more forward-thinking divisions.
[November 9, 2000, 14:51]
BT Turns Phone Boxes Into Base Stations
News BT has come up with some novel ways of making money as it faces mounting pressure to dissolve some of its huge debt -- renting out its telephone boxes and possibly selling off its famous BT vans. BT won't say how much extra money it will make from...
[April 12, 2001, 14:09]
BT's Bonfield To Quit After MmO2 Demerger
News That restructuring has seen BT reduce its massive debt load, though only with the sacrifice of its once-ambitious international agenda. A string of profitable and timely disposals, coupled with a successful rights issue, have helped us to reduce...
[October 31, 2001, 11:01]
BT Results Show 'new Wave' Growth
News BT has confounded its critics by boosting profits, cutting debt and maintaining its turnover despite falling revenues from its fixed-line semi-monopoly. Other highlights include cutting debt by 12 percent to £8.43bn, achieving almost 2.5 million...
[May 20, 2004, 9:55]
BT Accuses Government Over 3G 'tax'
News BT's attack comes on the day it acts to sort out its cumbersome £30bn debt, asking shareholders to stump up £5.9bn and offering yet another restructuring which will include the demerger of BT Wireless.
[May 10, 2001, 13:21]
LineOne's Future On The Line
News Rating agency Standard & Poor's downgraded BT's credit worthiness by four notches in August because of its rising debt and warned it may cut it again if BT delays selling assets. The company said in September it would attempt to raise at least...
[November 27, 2000, 15:59]
More Calls For BT's Break-up
News BT, whose personal debt mountain neared £30bn, brought the situation under control by selling off some assets and by floating its mobile operations on the stock market last year. We think we've tackled the problem of debt better than any other...
[September 17, 2002, 13:24]
German 3G Auction: And The Winners Are...
News BT is expected to off-set its debt with disposals and floating some of its recently spun-off businesses. The telco's latest 3G win will be added to licences it already has in the UK, Netherlands, Spain and Japan and has raised eyebrows about its...
[August 18, 2000, 11:04]
Freeserve Boss To Follow Sir Iain?
News In the light of recent events at the BBC and BT Guy Kewney highlights certain similarites between the two organisations and begs the question as to how clever it is to borrow money to finance debt? From this it hopes to raise up to £10bn to shave a...
[April 26, 2001, 14:22]
News Schmooze: MOM Wants You To Pay Microsoft
News But at least Labour has slashed the national debt, though at the expense of telcos like BT, which is now struggling to cope with its own debt problems. BT, with its 3G prize, has just weirdly decided to get rid of its mobile phone arm.
[May 11, 2001, 14:29]
Rupert Goodwins' Diary
Blog More news from the debt-bloated Leviathan, BT, which has decided that what the country needs is Blackberries. But BT knows what's good for us. Monday 26/02/2001 You may not have heard of these devices, which have been spectacularly popular in the...
[March 5, 2001, 9:33]
Rupert Goodwins' Diary
Blog Will paying off this debt so eviscerate BT that it won't have anything left for the future? And talking of uncertain telecomms commerce, the big restructure is afoot at BT. BT Wireless (that's Cellnet)?
[May 11, 2001, 16:00]
BT Sells French Stake To Vodafone
News We are now close to realising our £10bn net debt target, giving BT one of the strongest balance sheets in the sector. BT today announced that it has agreed to sell its 26 percent stake in French fixed line operator Cegetel to Vodafone for £2.5bn in...
[October 16, 2002, 15:39]
Next BT Chairman Hints At Future Plans
News He also sold off its Cellnet mobile arm, which is now O2, and managed to reduce BT's debt to £8bn. Sir Michael Rake, BT's incoming chairman, has hinted at his future ambitions for the telco in the telecoms and IT sectors.
[February 21, 2007, 12:25]
