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    BT.A   GB0030913577

BT GROUP PLC

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

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)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP PLC 1.44% 200.2 Delayed Quote.49.23%
DIXONS CARPHONE PLC -1.00% 128.5 Delayed Quote.12.09%
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Financials
Sales 2022 21 187 M 29 680 M 29 680 M
Net income 2022 1 650 M 2 311 M 2 311 M
Net Debt 2022 17 403 M 24 379 M 24 379 M
P/E ratio 2022 11,8x
Yield 2022 3,86%
Capitalization 19 555 M 27 578 M 27 393 M
EV / Sales 2022 1,74x
EV / Sales 2023 1,77x
Nbr of Employees 99 700
Free-Float 74,3%
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Technical analysis trends BT GROUP PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 197,92 GBX
Last Close Price 2,00 GBX
Spread / Highest target 15 385%
Spread / Average Target 9 786%
Spread / Lowest Target 4 895%
EPS Revisions
Managers and Directors
NameTitle
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Jan Petrus du Plessis Chairman
Howard Watson Chief Technology & Information Officer
Iain C. Conn Senior Independent Director
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