New Street Research - OI S A (OIBRQN) ... New Street: Oi (Buy) CFO call - Brazilian MA timing/GCM in focus

Report

New Street Research

Soomit Datta

New Street: Oi (Buy) CFO call - Brazilian M&A timing/GCM in focus

We had an update call with the CFO of Oi, Camille Faria, on Friday. The main aim was to get a better understanding of the timetable on potential M&A (with TIM/Telefonica, others) as well as an update to the General Creditor meeting (GCM).

16/03/2020 2 EN

Underlyings

OI S A

See profile

US6708514012 Mexican Stock Exchange Brazil

Oi S.A. ON

See profile

BROIBRACNOR1 BM&F Bovespa - Securities, Commodities and Futures Exchange Brazil

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

Soomit Datta

Other Reports on these Companies

New Street Research

New Street: Brazil Telcos: Oi (Neutral, TP: Under review) - New look, post disposals / Debt restructuring, Round II

Oi reported Q3s overnight “clean” for the first time of recent disposals (Wireless, Fibre).

EUR 8957.00

November 10, 2022 November 10, 2022 1 EN

New Street Research

New Street: Oi (Neutral, TP: under review) Oi Q1 22 - Pro-forma Leverage update: Still High

Oi reported Q1s before the open. Fibre adds continue to slow (which we knew from Anatel data) though we gleaned more details on the revenue implications. Against this difficult backdrop we have also run an update on pro-forma leverage (for Q2 events: Wireless sale, V.tal deconsolidation and the latest Anatel deal) and see consolidated net debt (inc. Anatel liabilities) at over BRL13 billion as of Q1 2022 (and before a potential post-deal close payment on Wireless of up to BRL1.5 billion).

EUR 8957.00

June 30, 2022 June 30, 2022 1 EN

New Street Research

New Street: Oi (Neutral, TP: under review) Oi Q1 22 - Running the numbers on pro-forma Leverage: Still High

Oi reported Q1s before the open. Fibre adds continue to slow (which we knew from Anatel data) though we gleaned more details on the revenue implications.

EUR 8957.00

June 29, 2022 June 29, 2022 1 EN

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

This fifth note evaluates the nature of leadership, particularly at the FCC, the FTC and the DOJ, and how that plays into the likely policy outcomes.

EUR 8957.00

September 27, 2024 September 27, 2024 1 EN

Jonathan Chaplin

Jonathan Chaplin

Altice Pre-3Q24 Model Update

This report covers changes to our model to incorporate recent management commentary at investor conferences. We have increased broadband losses estimate. We also lowered revenue and EBITDA slightly. The company needs to stabilize EBITDA and reduce leverage. Progress on the first remains sluggish and the second won’t be easy. We remain on the sidelines.

EUR 8957.00

September 27, 2024 September 27, 2024 1 EN

Jonathan Chaplin

Jonathan Chaplin

T-Mobile selling 3.45GHz portfolio

We just learned that T-Mobile is selling the remainder of its 3.45GHz portfolio to Columbia Capital. The transaction was filed with the FCC 10 days ago; we just picked up on it. This follows a swap in which T-Mobile got 2.5GHz licenses in exchange for some of its 3.45GHz licenses back in May. T-Mobile is now out of 3.45GHz entirely. Our quick thoughts in this very brief note.

EUR 8957.00

September 27, 2024 September 27, 2024 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

New Street: Oi (Buy) CFO call - Brazilian M&A timing/GCM in focus

New Street: Brazil Telcos: Oi (Neutral, TP: Under review) - New look, post disposals / Debt restructuring, Round II

New Street: Oi (Neutral, TP: under review) Oi Q1 22 - Pro-forma Leverage update: Still High

New Street: Oi (Neutral, TP: under review) Oi Q1 22 - Running the numbers on pro-forma Leverage: Still High

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

Altice Pre-3Q24 Model Update

T-Mobile selling 3.45GHz portfolio

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