Based on consensus from external analysts. Not Kvantra's opinion.

Headquartered in London, UK, BT Group plc is a global telecommunications leader, operating across the United Kingdom, Europe, the Middle East, Africa, the Americas, and Asia Pacific. Established in 2001 (initially as Newgate Telecommunications Limited), the company delivers a comprehensive suite of communication products and services through its four distinct segments: The Consumer division provides residential customers with essential services such as landline, mobile, broadband internet, and television, marketed under popular brands including BT, EE, and Plusnet. The Enterprise segment focuses on businesses and public sector entities, offering bespoke network solutions, IT services, and various communication services like fixed voice, mobile, and connectivity. It also supports other communications providers. The Global segment is dedicated to multinational corporations, overseeing and protecting their network and cloud infrastructure. This includes a range of voice and data network offerings, from managed services to security and IT infrastructure solutions. Lastly, Openreach manages the vital fixed connectivity access network, which links homes, businesses, mobile phone masts, and key public services like schools, hospitals, and government offices. This segment is responsible for installing and maintaining the fiber and copper communication networks extending from exchanges directly to customers, providing crucial "last mile" connections. BT Group also maintains a significant strategic partnership with Microsoft.

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• China Tower Corporation Limited
• Telefonica S.A.
• Telefónica, S.A.
• AST SpaceMobile, Inc.
• BCE Inc.
• BCE Inc.