New Street Research - Airtel Africa Plc (AIRTELAF) ... New Street: African mobile Validating MTN Nigerias guidance of 20%+ CAGR, upgrade AAF MTN

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New Street Research

Chris Hoare

EUR 8824.00 For Business Accounts Only

New Street: African mobile Validating MTN Nigeria's guidance of 20%+ CAGR, upgrade AAF & MTN

Given MTN Nigeria’s new guidance for 20%+ compound revenue growth out to 2025 we review forecasts.

01/03/2022 1 EN

Underlyings

Airtel Africa Plc

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MTN Nigeria Communications Plc

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Provider

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

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Analysts

Chris Hoare

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MTN (Buy, TP: ZAR130, +10%) Q4 24: Very strong top line; good support for the group

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New Street: African mobile Validating MTN Nigeria's guidance of 20%+ CAGR, upgrade AAF & MTN

Nigerian Telcos Zero to Hero, AAF price target to £3, MTN to ZAR 190; Q4 24 review

Global EM Telcos & Towers – On Fire - NSR GEM Top-10 April 25 Update. IHS target to $7.7.

MTN (Buy, TP: ZAR130, +10%) Q4 24: Very strong top line; good support for the group

T-Mobile: Quick thoughts following the 1Q25 call

Comcast Post-1Q25 Model Update

CMCSA: Quick thoughts following the call 1Q25

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