New Street Research - Digi Communications NV (DIGI) Digi (Equal Weight) Q4 25: New bullish Spanish guidance; Portugal fibre roll to stall

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New Street Research

Russell Waller

EUR 8625.00 For Business Accounts Only

Digi (Equal Weight) Q4 25: New bullish Spanish guidance; Portugal fibre roll to stall

Digi has reported a weak set of results vs our expectations, but has given new bullish mid-term guidance for Spain, and reported good Spanish EBITDAaL growth (+41% y/y) as the MNO benefits continue to come through.

23/02/2026 1 EN

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Digi Communications NV

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NL0012294474 Bucharest Stock Exchange Romania

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Analysts

Russell Waller

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Digi (Equal Weight) Q4 25: New bullish Spanish guidance; Portugal fibre roll to stall

The Rear-View Mirror – EME markets: Turkish ISE back in the lead

WOOD Daily: ALR PW; OTP HB; DIGI RO

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Liberty Global (Neutral, $12.5, +0%) Equity upside still capped - full model re-work

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