BT Drops as Liberty Global Switches to Vodafone for Mobile
- New deal may ease Liberty Global’s ability to offer 5G in U.K.
- Analyst says contract loss makes BT dividend coverage tighter
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Liberty Global Plc said it will switch its 3 million British mobile customers onto Vodafone Group Plc’s network, sending shares in its existing supplier BT Group Plc down as much as 5%.
Liberty Global’s local unit Virgin Media doesn’t have its own wireless infrastructure, so it has to buy wholesale access to one of the U.K.’s four national networks.