New Street Research - Liberty Global plc LiLAC (LILAB) ... LatAm Telcos - EM wireless concentration: LatAm points to Millicom and LiLAC

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New Street Research

David Lopes ...

Soomit Datta

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LatAm Telcos - EM wireless concentration: LatAm points to Millicom and LiLAC

Drawing on the work of our colleague Chris Hoare (HERE for Africa), we broaden out our EM analysis of market concentration in wireless.
LatAm screens well, in the largest market of Brazil (5 to 3 consolidation) but crucially also for the smaller caps of Millicom and – best in class – Liberty Latin America which remain the two top picks in the sector.

19/09/2024 1 EN

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Liberty Global plc LiLAC

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Millicom

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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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David Lopes

Soomit Datta

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LatAm Telcos - EM wireless concentration: LatAm points to Millicom and LiLAC

Millicom (Buy, TP: $30, +17%) Multiple M&A’s: Millicom (BUY) in Colombia/Costa Rica – synergies >$1 billion / Q2 24 highlights

Liberty LA (Buy, TP: $13, +45%) AMX (Buy, TP: $22 (from $24), +40%) Liberty LA cements Chile exit, longer road for AMX ClaroVTR model update

NSR Tech Policy: It’s the Election, Stupid (or Is It?), Part IV: Comparing Harris and Trump on Tech Policy

NSR Policy Quick Take: DISH Seeks FCC Adjustments to Build Out

Amazon (AMZN, Buy, $225 target) The Everything for Every Seller Store continues to emerge

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