New Street: Global EM Telcos The 12 year bear market is over, go long, outsized returns ahead
We think we are at a significant inflection point in the EM telco sector. Return on capital, valuation and, dare we say it, growth all point to outsized returns ahead for EM telco investors. Most investors are negative on the space. But consolidation, diversification into Fintech and Broadband, and a new demand curve from Enterprise all coming together means the environment is much better going forward. We see a great opportunity for investors to make money over the next 3-4 years, and if you are not invested in the sector we think you should be.
Bharti Airtel provides telecommunication systems and services to individuals and businesses in India with operations in 20 countries across Asia and Africa. In India, Co.'s product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G wireless services and mobile commerce. Co. had nearly 287 million customers across its operations at the end of Dec 2013.
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
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