BT share price plunges on news of Sky negotiations with Virgin Media O2 on infrastructure competitor

The BT share price closed down 4.7% yesterday with losses approaching 8% at one point on news pay-TV operator Sky is in negotiations with Virgin Media O2 over a joint venture that would compete for the UK’s new high-speed internet infrastructure. The BT share price has had a tough few months with the company seeing its value fall by over a quarter since its most recent highs in June.

Url: https://www.tradingandinvestmentnews.co.uk/bt-share-price-plunges-on-news-of-sky-negotiations-with-virgin-media-o2-on-infrastructure-competitor/

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Added: 03-12-2021