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Anorak | BT’s worth more as scrap copper than it is as a telecoms company

BT’s worth more as scrap copper than it is as a telecoms company

by | 26th, February 2013

BT’s worth more as scrap copper than it is as a telecoms company.Not that this will come as a huge surprise to anyone who has actually had to use BT of course. But from this it’s easy enough to calculate that BT is worth more as a mountain of scrap copper wire than it is as a functioning (ahem) telecoms company

BT’s network relies on more than 75 million miles of copper cable

I did actually check this with BT, you know, that real reporting stuff. And they said yes, that number’s about right.

Low end telephone cable is around 125 kg a mile, giving us 10 million tonnes of copper in the network. The current price of copper is just over £5,000 a tonne. So that’s a copper value of around £50 billion then.

You can go and buy BT today on the stock market for a little over £20 billion. So it’s worth vastly more as a pile of copper scrap than it is as a telephone company.

Well, alright, this isn’t entirely and wholly true. Not all of the wire is copper, scrap

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Posted: 26th, February 2013 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink