Report
James Ratzer
EUR 9330.00 For Business Accounts Only

Vodafone (Buy, 140p, +109%) Iliad deal rejection - can they salvage a better alternative?

After much hope back in 2021/2022 that Vodafone would be directly involved in a consolidation deal in Spain, that opportunity slipped away and they ended up selling the asset to Zegona.
Underlyings
Iliad

Iliad is an operator in the French internet access & telecommunications markets. Co. divides its operations into three business segments: Broadband, Traditional Telephony, and Retail Telecom. Broadband includes Internet service provider operations, hosting services, user assistance operations & operations related to the rollout of the FTTH (fiber-to-the-home) network. Traditional Telephony includes switched landline telephony (One.Tel and Iliad Telecom), directory services (mainly the ANNU reverse look-up directory accessible by Minitel, telephone, Internet and SMS text messaging) and e-commerce operations (Assunet.com). Retail Telecom offers various mobile phones & services to customers.

Provider
New Street Research
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.

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  • Pan European Telecom Services and Cable
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Analysts
James Ratzer

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