Report

Update: 3.5GHz buzz

Subscriber additions increased by on average 60% a month following the IPO and should pick up even further in 2015 as management implements the 100Mbps base stations and accelerates the network roll-out. While the shares reacted positively to the buzz surrounding 3.5GHz chipsets that emerged following the Mobile World Congress (MWC) on 5 March, on 21x FY16 P/E, they do not yet reflect forecast growth, let alone the option value that ecosystem developments may bring.
Underlying
GO Internet

GO internet SpA. GO internet SpA is an Italy-based company engaged in the telecommunication services industry. The Company specializes in broadband technology, though wireless Internet and mobile phone communication. GO internet SpA provides Internet services using Worldwide Interoperability for Microwave Access (WiMAX/LTE) fourth generation wireless technology (4G) for mobile devices. It provides also telephone services through the VoIP protocol. The Company offers its services in the domestic market, including the Marche and Emilia-Romagna regions. In addition, GO internet SpA operates through rights of use guaranteed by the Ministry of Economic Development. The main shareholder of the Company is Gold Holding Srl.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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