Report
James Ratzer

New Street: Telenet (Neutral, €39, +20%) Getting closer to a partial FTTH upgrade

Telenet are due to release their Q3 results on 28 October. We aren’t usually in the business of writing pre-results previews, but after over a year of negotiations, we believe these results might be accompanied by the announcement of an FTTH deal with Fluvius – or at least a strong indication of how any potential deal might look.
Underlyings
Liberty Global Plc Class A

Telenet Group Holding NV

Telenet Group Holding is a holding company. Through its subsdiairies and its broadband network, Co. is engaged in the provision of cable television, including television services, broadband internet and telephony services to residential subscribers in Flanders and certain communes in Brussels as well as broadband internet, data and voice services in the business market throughout Belgium and parts of Luxembourg. In addition, Co. is engaged in the provision of mobile telephony services through a mobile virtual network operator partnership with Mobistar NV.

Provider
New Street Research
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Analysts
James Ratzer

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