- A UK rural broadband subsidy that could reach £5B would be mixed news for providers like BT Group (BT -1.5%) and Liberty Global (LBTYA +0.3%), UBS says.
- BT could see lower capital expenditures, boosting returns, but it would also bring competition in areas it currently dominates, analyst Polo Tang says.
- Meanwhile, Liberty Global could also see an assist to expansion but add to overbuild and competition over the longer term.