Report
James Ratzer

New Street: O2D (Reduce): Trying to shine a light on the key revenue drivers

Ever since 1&1 Drillisch’s profit warning due to high MBA-MVNO fees was not accompanied by a guidance increase at Telefonica Deutschland, we have found a lot of investors (and ourselves) scratching our heads trying to work out what is going on.
Underlying
Telefonica Deutschland Holding AG

Telefonica Deutschland Holding is a telecommunication company. Co. offers its consumer retail and business customers postpaid and prepaid wireless communications products, along with wireless data services using Global Packet Radio Service, Universal Mobile Telecommunications System and Long Term Evolution technology as well as Digital Subscriber Line wireline telephony and high-speed internet services. Co. markets its products and its wireless and wireline communications products as well as services via the core brand O2. Co.'s secondary brands include the brands Fonic and netzclub. Co. also markets high-speed DSL internet access and wireline telephony.

Provider
New Street Research
New Street Research

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Analysts
James Ratzer

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