BT / Deutsche Telekom

It is good to see the way that the financial press have cottoned onto the BT / Deutsche Telekom story after it appeared here a couple of weeks back.

btimage

This focuses on the way that the German giant is now free to make a takeover bid for its ailing British counterpart, hit by scandal and incompetance in the recent past.

bt

The end of the lock up to start this year means that if DT is in the mood to go for BT at a relatively low price, years of underperformance may finally be over. The technical level to break may only be above the December gap through 241.75p. Indeed, it may be worth waiting for this potential trigger point given how much badwill BT shares have attached to them in the market.

Author: Zak Mir

Financial commentator, interviewer, technical analyst

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