New Street: Liberty LA (Buy, TP: $17, +30%) Liberty LA: In-market consolidation, M&A track record building
Liberty LA has announced another in-market deal today, buying out America Movil’s wireless asset in Panama. The deal will see the market go from 4 to 3 and follows recent in-market (and F-M) deals in Puerto Rico and Costa Rica, at sensible multiples, helping build Balan’s track record in M&A. We take a first cut of running the numbers, seeing accretion from 2023 and no implications for the buy back. Maintain Buy
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
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.