New Street Research - Globe Telecom (Neutral): Q2 18 - Continuing the positive trends

Report

New Street Research

Iain Johnston

EUR 1147.10 For Business Accounts Only

Globe Telecom (Neutral): Q2 18 - Continuing the positive trends

Improvement in mobile voice revenue trends and ongoing strength in mobile data growth was supported by strong opex control, resulting in a healthy beat versus both consensus and NSRe (a revenue beat of 0.9%, and at EBITDA of 6.2%).

09/08/2018 7 EN

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

See profile

Analysts

Iain Johnston

Other Reports from New Street Research

Chris Hoare ... (+2)

Chris Hoare
David Lopes

AMX (Buy, TP: $24, +7%) Q4 25: Decent quarter; Solid Mexico and Colombia, slightly slower Brazi

AMX reported a decent set of Q4 results yesterday post close. Revenue came in 1.5% above consensus while EBITDA came in in line.

EUR 8396.00

10h / 4m 10h / 4m 1 EN

Chris Hoare

Chris Hoare

TIM Brasil (Buy, TP: R$28, +1%) IHS Towers (Buy, TP: $10, +20%) TIM Brasil to Buy the 49% of i-Systems it doesn’t own from IHS Towers – quick take

As rumoured, TIM Brasil is buying the 49% of i-Systems it doesn’t own from IHS Towers for R$950m (US$ 181m). As we have been thinking would happen, the M&A cycle is hotting up in EM, and this deal likely facilitates the potential takeover of IHS by MTN too. This seems a sensible transaction to us, at a fair price to both sides.

EUR 8396.00

10h / 8m 10h / 8m 1 EN

Ben Rickett

Ben Rickett

Eutelsat ECA financing marks end of the saga

Eutelsat has raised €1bn of ECA financing; more then we expected and sufficient to cover their mid-term LEO capex requirements. The financing provides further support to the bonds and brings to a close their funding saga over the last year or so.

EUR 8396.00

10h / 9m 10h / 9m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Globe Telecom (Neutral): Q2 18 - Continuing the positive trends

AMX (Buy, TP: $24, +7%) Q4 25: Decent quarter; Solid Mexico and Colombia, slightly slower Brazi

TIM Brasil (Buy, TP: R$28, +1%) IHS Towers (Buy, TP: $10, +20%) TIM Brasil to Buy the 49% of i-Systems it doesn’t own from IHS Towers – quick take

Eutelsat ECA financing marks end of the saga

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe