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RCom, Altice and BT show you can’t just spend your way to relevance

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Jerry Turk
Dec 04, 2017 17:02
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There are three events which we think demonstrate this ignorance aptly; the growing pile of insolvency petitions at the Reliance Communications, Goldman Sachs trying to cut its exposure at serial spender Altice and BT’s fragile-looking gamble in the sports content space.

Unfortunately for Reliance Communications, this $70,000 bill (roughly) isn’t the only financial headache.

It shook the market, and Reliance Communications is just one of several telcos which has suffered.

BT’s gambling habit comes back to bite

CEO Gavin Patterson has led the charge to dominate the sports content world, but according to the FT, BT is scaling back its ambitious position in the sports stakes.

At a Morgan Stanley investor conference in Barcelona, Patterson is acknowledging the possibility BT might lose the Premier League rights auction in February, and is putting together a plan B.

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Jerry Turk
Dec 04, 2017 17:02
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