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- VMO2 (Underweight) Q3 25 – Core pressures still present on fixed broadband by New Street Research
- Vivo/TEF Brasil (Buy, TP: BRL43, +26%) Q3 25: Slower but still solid; strong Fixed and Digital by New Street Research
- MTN (Buy, TP: ZAR245, +42%) MTN Nigeria – Q3 25: Another very strong quarter; positive equity and dividend resumed by New Street Research
- Cityfibre up, Openreach down Better visibility on Sky deal drives CF upgrade – but leverage still too high BT target from 225p to 220p by New Street Research
- MTN Rwanda (Buy, TP: ZAR245, +41%) Q3 25: Good quarter, solid Fintech by New Street Research
- Telefonica (Neutral) CMD Quick Take: After all the hype, just a profit warning by New Street Research
- The Match Group (MTCH, Neutral, $31 target) Quick thoughts ahead of the print by New Street Research
- NTT Corp (Buy, TP: ¥215, +39%) Q2 FY25 Quick Take: Better as Mobile ARPU finally inflects by New Street Research
- LG Uplus (Buy, KRW 19,000, +27%) Q3 25 Quick Take: Better trends across the board by New Street Research
- Bouygues (Buy, TP: €50, +25%) Q3 25: Solid results: COPA guide implies upside to consensus; Telco SR better by New Street Research
- TalkTalk (Neutral) H1 review – New outlook, new model by New Street Research
- TMUS: Notes from our post 3Q investor callback by New Street Research
- Telecom Italia (Neutral, €0.43, -10%) Q3 25 - Developing the Poste relationship further by New Street Research
- KDDI (Buy, TP: ¥3,150, +28%) Q2 FY25 Quick Take: On track for a strong second half by New Street Research
- BT (Neutral, 220p, +19%) H1 26: Let’s focus on Starlink & Openreach by New Street Research
- SES 3Q25: Worse then feared. Downgrade senior notes to Underweight by New Street Research
- Cellnex (Neutral, €29, +5%) Upgrade to Neutral by New Street Research
- KT Corp (Buy, KRW 105,000, +117%) Q3 25 Quick Take: Good progress masked by search for new CEO and cyberbreach overhang by New Street Research
- MTN (Buy, TP: ZAR245, +48%) MTN Uganda – Q3 25: Solid quarter, MT guidance reiterated, improved dividend policy by New Street Research
- Safaricom (Neutral, TP: KES32, +9%) H1 FY26: Solid semester driven by Kenya, guidance maintained by New Street Research
- Vodacom (Buy, TP: ZAR200, +48%) Q2 26: Solid quarter; Better IB and good Egypt offset the slower SA by New Street Research
- Kyivstar (Buy, $16.4, +27%) [Sponsored Research] 3Q25 Quick Take: Bullish guidance by New Street Research
- Vodafone (Buy, 120p, +30%) H1 26 - Multiple re-rating in play by New Street Research
- United Internet/ 1&1 3Q25: 1&1 solid; AdTech business evaporates by New Street Research
- Telenor (Neutral, TP: NOK170, +6%) CMD: Decent medium-term FCF guidance, but uncertainties remain, especially around near-term FCF by New Street Research
- Liberty Global (Neutral, $11.5, +2%) Was $10.5 There are better options than a spinout by New Street Research
- Mitratel (Buy, IDR 740, +35%) Q3 25 Quick Take: Strong additions but softer trends on lower pricing by New Street Research
- Orange (Buy, TP: €17, +24%) Spain buy-in, target increases to €17, +24%; on EFCF per share, Orange could be worth >€21, +58% by New Street Research
- Global EM Telcos & Towers Back to Black: NSR GEM Top-10 November ‘25 Update by New Street Research
- Chinese Telcos Q3 25 review: Earnings resilient despite muted topline by New Street Research
- TIM Brasil (Buy, TP: BRL28, +15%) Q3 25: Slower top line but solid EBITDA by New Street Research
- Telefonica (Neutral) After a 13% fall post-CMD, is it attractive? by New Street Research
- Pinterest (PINS, Buy, $49 target) US tariff impact clouds otherwise strong execution by New Street Research
- Softbank Corp (Buy, TP: ¥270, +26%) Q2 FY25 Quick Take: Strong again by New Street Research
- The Match Group (MTCH, Neutral, $31 target) A show-me story with green shoots for 2026 by New Street Research
- Autumn for Broadband 3Q25 – FWA ascendant, Cable struggling by New Street Research
- KPN (Neutral, TP: €3.9, +0%) strategy update – not the same as Telefonica by New Street Research
- Snap Inc. (SNAP, Neutral, $8 target) Revenue growth in-line, and Perplexity deal boosts by New Street Research
- Helios Towers (Buy, TP: £1.80, +1%) Q3 25: Strong, positive MT guidance, near term remuneration well ahead of expectations by New Street Research
- Liberty LA (Buy, TP: $14.9, +89%) Q3 25: Good quarter but limited visibility on Hurricane Melissa impacts by New Street Research
- SATS 3Q25 Quick Take: Key topics for the call will be taxes, towers, and SpaceX sale by New Street Research
- Millicom (Buy, TP: $46) - Q3 25: Solid quarter, growth and margins improving again by New Street Research
- KT Corp (Buy, KRW 105,000, +117%) Q3 25 Quick Take: Good progress masked by search for new CEO and cyberbreach overhang by New Street Research
- Proximus (Neutral, TP: €11.8, +62%) Q3 25: Domestic resilience, but Global weakness hard to ignore by New Street Research
- VEON (Buy, $100, +130%) [Sponsored Research] Q3 25 Quick Take: Strong beat and raise and $100m bond/share buyback by New Street Research
- Pinterest (PINS, Buy, $45 target) Agentic commerce fears are way overdone by New Street Research
- Inwit (Neutral, €11, +18%) 3Q25: Mid-term guidance trimmed; MSA renewal deadline ahead by New Street Research
- Sunrise (Neutral, TP: CHF43, +5%) Q3 25: OK numbers, but negative comments on fixed revenue outlook a concern by New Street Research
- Liberty Global (Neutral, $11.5, +5%) CFO call feedback – new M&A options on the table by New Street Research
- Singtel (Buy, S$5.5, +17%) Q2 FY26 Quick Take: Sustained earnings momentum drives higher dividend; EBIT guidance lifted by New Street Research