Back to the main directory
refin_telecom / Equity
- MTN (Buy, TP: ZAR200, +114%) MTN Uganda – Q3 23 Quick Take: Solid top line; guidance reiterated by New Street Research
- Swisscom (Neutral, TP: CHF600, +12%) Q3 23: Mixed numbers; revenue guidance cut, EBITDA guide unchanged by New Street Research
- BT (Buy, 195p, +65%) H1 24 - An early Christmas present for Alison Kirby by New Street Research
- NOS (Neutral, TP: €4.0, +16%) Q3 23: Stellar performance continues; >100% marginal EBITDA margin by New Street Research
- Telecom Italia (Buy, €0.38, +46%) KKR NetCo offer accepted! - Our Take by New Street Research
- Indian Mobile Q2 FY24 review: Core mobile still decent, with margin improvement across the board by New Street Research
- MTN (Buy, TP: ZAR200, +105%) MTN Rwanda – Q3 23 Quick take: Decent quarter; Guidance maintained by New Street Research
- NTT (Buy, TP: ¥240, +37%) Q2 FY23 Quick Take: Mixed quarter, much weaker than KDDI by New Street Research
- MTN (Buy, TP: ZAR200, +110%) Q3 23: A slower quarter but MT guidance maintained; top line in SA inflecting by New Street Research
- Telefonica (Buy, €4.4, +20%) Buyout of the O2D minorities – our thoughts by New Street Research
- Softbank Corp (Buy, TP: ¥2,200, +30%) Q2 23 Quick Take: Strong quarter, ARPU inflects sequentially by New Street Research
- Softbank Corp (Buy, TP: ¥2,200, +30%) Thoughts after the call – ARPU guidance upgraded, Buy, price target ¥2,200 by New Street Research
- ADYEN (Neutral, TP: EUR950, +15%) Adyen - Q3s/Guide/Investor Day feedback/changes to estimates by New Street Research
- Telecom Italia (Buy, €0.35, +40%) Q3 23: Why Brazil and ServeCo can drive the upside post-NetCo by New Street Research
- Telefonica (Buy, €4.4, +19%) New CMD guidance is industry leading and achievable by New Street Research
- Safaricom (Neutral, TP: UR) 1H FY24 Quick Take: A solid quarter, Kenyan EBIT guidance upgraded by New Street Research
- Liberty LA (Buy, TP: $14, +110%) Q3s - Small EBITDA beat, moving parts; FY 23 Guidance reiterated (just about) by New Street Research
- Cellnex (Neutral, €31, +1%) Q3 23: Weaker tenancy growth than expected by New Street Research
- Vodacom (Neutral, TP: ZAR140, +35%) Q2 24: Top line in line, but disappointing EBITDA and EPS by New Street Research
- KPN (Neutral, TP: €3.9, +19%) Feedback from Dutch Telco meetings: Risks for KPN and VodafoneZiggo, upside for Odido/Delta by New Street Research
- Vodafone (Buy, 150p, +95%) Thoughts post-earnings call by New Street Research
- Iliad Q3 23: Good results; read across for SFR/Altice is not good; France/Italy M&A comments by New Street Research
- BT (Buy, £1.95, +62%) Why Drahi might like BT's Triennial Pension review by New Street Research
- VodafoneZiggo Tougher longer-term outlook in the Dutch market by New Street Research
- NU US (Neutral, TP: $8.5, from $8.1) Nu Holdings - Q3 23: Updated estimates; Loan book miss in focus by New Street Research
- KDDI (Buy, TP: ¥6,500, +46%) Q2 23 Quick Take: Huge beat as ARPU inflects by New Street Research
- KDDI (Buy, TP: ¥6,500, +46%) Thoughts after the call - positive, Buy, price target ¥6,500 by New Street Research
- Deutsche Telekom (Buy, €30, +40%) New buyback highlights the strength of their arsenal by New Street Research
- Chinese Telcos Q3 23 review: Outperformance by China Mobile by New Street Research
- Weekend Wrap & Week Ahead: OpenAI DevDay, Epic vs GOOGL on Monday, SNAP Lens Fest Thursday & quick takes on META EU subs, NFLX ads, and latest AI news from AMZN and G by New Street Research
- Telecom Italia (Buy, €0.35, +35%) KKR NetCo offer accepted! by New Street Research
- OpenAI's DevDay brings new competition for META, AMZN, GOOGL & AAPL by New Street Research
- Telefonica Deutschland Q3 23 - Decent quarter. Decent market by New Street Research
- LY Corp (Buy, TP: ¥585, +33%) Q2 FY23 Quick Take: Better trends and a strong EBITDA beat by New Street Research
- SKT (Buy, TP: KRW 116,000, +138%) Q3 23 Quick Take: Better mobile; EBITDA trend still ahead of topline by New Street Research
- TIMS3 (Buy, TP: BRL22, +33%) TIM Brasil - Investor Day feedback/ Q3s: FCF expansion driving Dividend hike by New Street Research
- OTE (Neutral, TP: €22, +45%) Q3 23: Better retail SR trends, but EBITDA/FCF has not followed by New Street Research
- Deutsche Telekom (Buy, €30, +43%) Strong execution in Germany continues by New Street Research
- Singtel (Buy, TP: S$4.4, +83%) Q2 FY24: Nice EBITDA inflection, robust net profit, dividend guide upgraded by New Street Research
- Rakuten (Reduce, TP: ¥400, -27%) Rakuten, Q3 23 Quick take – Selling Rakuten Securities at a discount, mobile cost cutting slows; Stay Reduce, pt ¥400 by New Street Research
- Inwit (Neutral, €11.8, +10%) 3Q23: Decent quarter; FWA weakness persists by New Street Research
- United Internet (Buy, €32, +58%) 1&1 (Buy, €30, +78%) 3Q23: Mobile network build ramping up by New Street Research
- AIS (Buy, TP: THB285, +28%) AIS (Buy) – Thai regulator greenlights the acquisition of 3BB by AIS by New Street Research
- STNE US (Neutral, TP: BRL16, +33%) Strong Q3s: updated estimates; Credit, PIX and Core in focus ahead of Investor Day by New Street Research
- Vodafone (Buy, 150p, +95%) H1 24 - Highest EU service revenue growth in 15 years by New Street Research
- WISE (Neutral, TP: £7.25 +10%) WISE - H1 24: Half of EBITDA coming from Cash / deposits by New Street Research
- IHS Towers (Buy, TP: $10, +80%) IHS Towers – Q3 23: Solid underlying top line; maintained revenue guidance, EBITDA guided to low end of range on FX - Call feedback included by New Street Research
- Digi Q3 23: No update on Spain remedy timings, but management is ambivalent to remedy form by New Street Research
- 5G FWA in EM Poor man’s paradise; income and propensity to spend suggests 5G FWA affordability is high in EM by New Street Research
- VEON (Buy, TP: US$35/ADR, +73%) Tower sale in Bangladesh and Mike Pompeo joins Kyivstar’s BoD. Our take by New Street Research