Orange Belgium

Orange Belgium is a telecommunications operator in Belgium. Co. provides a range of products and services to the residential and business markets, including mobile telephony, fixed telephony, fix data, Asymmetric Digital Subscriber Line. Co.'s Belgium segment is divided into two operating units: Mobile as well as Fix voice data. Co.'s Mobile operating unit provides mobile phone equipment and services to residential and corporate customers, while Co.'s Fix voice and data operating unit provides fix voice, data and internet services to residential and corporate customers.
  • TickerOBEL
  • ISINBE0003735496
  • ExchangeEuronext Brussels
  • SectorMobile Telecommunications
  • CountryBelgium
Bart Cuypers ...
  • Jason Kalamboussis
  • Ruben Devos

Morning Note: CFEB BB, NN NA, OBEL BB

CFE: Moray East foundation installation has kicked off NN Group: Interim could be paid after all, not following DNB Orange Belgium: Appointment of new CEO, Xavier Pichon

ING
ING Helpdesk

Benelux Morning Notes

Orange Belgium: Signs Belgian football distribution agreement with Eleven Sports. Staffing: US June Temp data better, job report positive, caution on unemployment rate

ING
ING Helpdesk

Benelux Morning Notes

BAM: Profit warning. Belgian telecoms: Possible political breakthrough in 5G auction impasse. D'Ieteren: 14% growth in VW car registrations in June, Belgium down 2%

ING
ING Helpdesk

Benelux Morning Notes

Belgian telecoms: Nethys to restart VOO sale process after Providence deal suspended. Belgian telecoms: Contact with Telenet on Fluvius deal. Gimv: In and out. Kinepolis: Update on reopening dates by country. Royal Dutch Shell: Impairing to reflect a new reality

ING
ING Helpdesk

Benelux Morning Notes

Basic-Fit: NL actief interview; BFIT taking market share. Belgian telecoms: Telenet in talks with Fluvius to roll out FTTH

Bart Cuypers ...
  • Jason Kalamboussis
  • Ruben Devos

Morning Note: CFEB BB, NN NA, OBEL BB

CFE: Moray East foundation installation has kicked off NN Group: Interim could be paid after all, not following DNB Orange Belgium: Appointment of new CEO, Xavier Pichon

ING
ING Helpdesk

Benelux Morning Notes

Orange Belgium: Signs Belgian football distribution agreement with Eleven Sports. Staffing: US June Temp data better, job report positive, caution on unemployment rate

ING
ING Helpdesk

Benelux Morning Notes

BAM: Profit warning. Belgian telecoms: Possible political breakthrough in 5G auction impasse. D'Ieteren: 14% growth in VW car registrations in June, Belgium down 2%

ING
ING Helpdesk

Benelux Morning Notes

Belgian telecoms: Nethys to restart VOO sale process after Providence deal suspended. Belgian telecoms: Contact with Telenet on Fluvius deal. Gimv: In and out. Kinepolis: Update on reopening dates by country. Royal Dutch Shell: Impairing to reflect a new reality

ING
ING Helpdesk

Benelux Morning Notes

Basic-Fit: NL actief interview; BFIT taking market share. Belgian telecoms: Telenet in talks with Fluvius to roll out FTTH

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Commerzbank, Telecom Italia, Orange, AT&T and Vattenfall

Commerzbank 3Q19 to be better than expected, value in the preferred senior paper

ING
Hendrik Wiersma

Proximus/No upside vs Orange

Proximus 2Q19 results are satisfactory. While domestic sales were soft, the EBITDA result was helped by cost savings. Reported net debt/EBITDA stood at c.1.2x at the end of 2Q19. The proposed new cable wholesale rates are expected to benefit Orange Belgium and competition in the Belgium telecom market could therefore intensify further. Proximus' liquid longer dated bonds, the PROXBB2.375 4/24 and PROXBB1.875 10/25, trade at a pickup vs Orange. Although Proximus is better rated and has lower leverage, we believe this is justified and therefore don't see tightening potential vs its French peer. ...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/SEB, Proximus and UK carbon tax

SEB reports stable earnings, but lower capital. The bank has a SEK92bn NPS need that should support its preferred senior paper

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Australian banks, PepsiCo and Orange

Australian banks continue to build their TLAC stacks with T2 debt supporting their senior paper

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Orange

Orange sells remaining stake in BT Group for £486m; ORAFP1 5/25 preferred

Alain William ...
  • Alexandre Iatrides
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Jeremy Garnier
  • Jerôme Bodin
  • Nicolas David
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 02/06/2020

...

Alain William ...
  • Alexandre Iatrides
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Jeremy Garnier
  • Jerôme Bodin
  • Nicolas David
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 06/02/2020

...

Ben Rickett ...
  • Russell Waller
  • Shavar Halberstadt

New Street: W. Europe Mobile Tariff Tracker Nov 2019: Widespread discounting in UK

The average package price growth in Europe remained steady at +1.9% YoY (from +2.4% YoY in October). Widespread discounting in the UK following Black Friday was offset by higher prices in Spain, Portugal and Austria.

Ben Rickett ...
  • Russell Waller
  • Shavar Halberstadt

New Street: W. Europe Mobile Tariff Tracker Nov 2019: Widespread discounting in UK

The average package price growth in Europe remained steady at +1.9% YoY (from +2.4% YoY in October). Widespread discounting in the UK following Black Friday was offset by higher prices in Spain, Portugal and Austria.

Alexandre Iatrides ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 10/25/2019

...

ORANGE BELGIUM SA sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of ORANGE BELGIUM SA (BE), active in the Mobile Telecommunications industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date April 21, 2020, the closing price was EUR 15.32 and its target price was estimated at EUR 13.67.

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