Report
EUR 8552.00
For Business Accounts Only
Brightspeed – ABS is on the table…how much? And is this a good thing?
A likely mid-2026 ABS deal is a focus for both Brightspeed and debtholders as became clear on the company’s 4Q call on 4/8. We believe Brightspeed will access the market this year to address its liquidity needs in service of its YE26 4mm fiber passings target. As such, we examine here what a potential ABS deal might look like. Based upon our understanding of the broader fiber ABS market, we believe $2bn is a realistic target for a 2026-series with $1.0bn - $1.5bn coming from a debut issuance followed by $0.5bn - $1.0bn in a series-2 offering.
Provider
New Street Research
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
David Barden
Other Reports from New Street Research
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.