Liberty LA (BUY, TP: $13, +38%) Liberty LA / LCPR bonds - Outlook into Q3, focus on Puerto Rico; launch of Loop Telecom
Liberty LA will report Q3s in early November with focus largely on Puerto Rico and monthly EBITDA. Relative to the recovery aspiration by YE of $45m per month, we think they’ll be some way off (so does consensus) and performance of the bonds and, to a less degree the equity (LCPR equity is implied at zero we think), will be driven by commentary on momentum in the newly launched products.
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We provide debt research on:
- Pan European Telecom Services and Cable
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