Will BT’s share price recover in 2021?
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BT(LSE: BT.A) shares haven’t performed well in recent years. Its share price has shown signs of life in 2021, rising from 135p to 170p. However, over a five-year timeframe, the stock is still down about 60%. That’s a disappointing result for long-term holders.
Can BT’s share price recover in 2021? Let’s take a look at the outlook for the
FTSE 100 telecommunications stock.
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BT has said it plans to ramp up its fibre broadband rollout by 5million homes to serve a total of 25million by December 2026.
The telecoms giant said it will fund the increased deployment using part of a Government tax deduction announced in March that it is receiving.
The recent Wholesale Fixed Telecoms Market Review by Ofcom will also help it increase and accelerate the roll-out, the company said.
BT boss Philip Jansen is steering the ship as the company tries to ramp up its fibre broadband deployment
Chief executive Philip Jansen said: Today we are increasing and accelerating our FTTP (Fibre to the Premises) target from 20million to 25million homes and businesses by December 2026 to deliver further value to our shareholders and support the Government s full fibre ambitions.
The impact of the Covid-19 outbreak on key business units such as consumer and ongoing legacy product declines and divestments have been among the key drivers f.
BT puts itself on a high fibre diet
Has BT turned a corner? A more sensible dividend policy, a willingness to seek partners in its Openreach business and progress on the pension deficit are all causes for optimism. Turning a corner?
If BT Group PLC (LON:BT.A) ever contemplates one of those trendy name changes, False Dawn PLC might be a good choice.
With today’s flurry of announcements, however, there is a sense that the heavily indebted telecoms giant might be about to turn a corner.
Why so?
A sale of a stake in Openreach looks more likely
BT ups FTTP target to 25M premises by 2026 lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.