Report

NSR Policy: Will Labor Shortages and a Supreme Court Property Rights Decision Upend Current Models?

Plus, Broadband Hearing Divides, DISH Court Win, Sallet (maybe) to Antitrust Division, and a Wild Card in the Section 230 Debate. Usually we discuss the implications of something that just happened, or that we feel is highly likely to happen in the near future. This week, we focus on two things that may or may not happen but that, because of their potential impact, are currently underappreciated.
Underlyings
1300 Smiles Ltd.

1300 Smiles is engaged in the provision of dentistry services in Australia. Co. provides the use of dental surgeries, practice management and other services to self employed dentists who carry on their own dental practices. The services provided by Co. allow the dentists to focus on the delivery of dental services rather than on the administrative aspects of carrying on their businesses. The dentists pay fees to Co. for the provision of these services under a Dental Service Agreement with Co. Co. provides services in the areas of marketing, administration, billing and collections, and facilities certificates and licensing to all participating dentists.

AT&T Inc.

AT&T is a holding company. Through its subsidiaries, the company is a provider of telecommunications, media and technology services. The company's Communications segment provides wireless and wireline telecom, video and broadband services. The company's WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. The company's Latin America segment provides entertainment services in Latin America and wireless services in Mexico. The company's XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers.

Dish TV India

Dish TV India is a direct to home (DTH) entertainment service company based in India. Co. is a division of Zee Network Enterprise (Essel Group Venture). EGV has national and global presence with business interests in media programming, broadcasting & distribution, specialty packaging and entertainment. Co. offers DVD quality picture and stereophonic sound effects to customers. Co. transmits programs through satellite and gives customers control of selecting channels and paying for them. Co. offers features such as Electronic Program Guide, parental lock, games, 400 channels, interactive TV and movie on demand. Co. also delivers customers national and international channels.

T-Mobile US Inc.

T-Mobile US provides mobile communications services, including voice, messaging and data, under its brands, T-Mobile and Metro? by T-Mobile, in the United States, Puerto Rico and the United States Virgin Islands. The company provides mobile communications services using its 4G Long-Term Evolution network and its 5G technology network. The company also provides various wireless devices, including handsets, tablets and other mobile communication devices, and accessories for sale, as well as financing through Equipment Installment Plans and leasing through JUMP! On Demand?. The company provides reinsurance for handset insurance policies and extended warranty contracts offered to its mobile communications customers.

Verizon Communications Inc.

Verizon Communications is a holding company. Through its subsidiaries, the company provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The company has two reportable segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The company's Consumer segment provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements. The company's Business segment provides, among others, wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services.

Provider
New Street Research
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


Analysts
Blair Levin

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