Canadian bank RBC has downgraded TalkTalk from "outperform" to "sector perform", citing convergence plans from BT, which bought rival EE two years ago, and broadband undercutting by Vodafone. The company said it would not be able to meet its targets for the year as a result of falling revenues in Europe, where BT is dominant. , we think TalkTalk is relatively defenceless against any aggressive BT bundling, which could lead to heavy subscriber losses. RBC also noted that Vodafone is undercutting TalkTalk in both slow and fast fibre broadband offerings.
Canadian bank RBC has downgraded TalkTalk from "outperform" to "sector perform", citing convergence plans from BT, which bought rival EE two years ago, and broadband undercutting by Vodafone. The company said it would not be able to meet its targets for the year as a result of falling revenues in Europe, where BT is dominant. RBC also noted that Vodafone is undercutting TalkTalk in both slow and fast fibre broadband offerings.