New Street Research - Tele Columbus (TC1) ... Vodafone (Buy, £1.20, +50%) Tele Columbus (Overweight) German TV refresh: Ongoing pressures, but each business has upside levers

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New Street Research

James Ratzer

EUR 8477.00 For Business Accounts Only

Vodafone (Buy, £1.20, +50%) Tele Columbus (Overweight) German TV refresh: Ongoing pressures, but each business has upside levers

Over the past year, Vodafone and TeleColumbus have been hugely affected by the MDU bulk migration. However, going into the second half of 2025, we will start to lap this impact so trends will revert to something more “normal”.

02/07/2025 1 EN

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Tele Columbus

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Vodafone Group

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James Ratzer

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Vodafone (Buy, £1.20, +50%) Tele Columbus (Overweight) German TV refresh: Ongoing pressures, but each business has upside levers

Vodafone to Virgin spectrum sale: More details revealed

The company started seeing signs of recovery as subscriber losses begun to narrow and margins continue to improve. However, revenue and EBITDA still trailed expectations by 2% and 1% respectively.

Replatforming Analysts and Disintermediating SaaS? Top takes from our conversation with ThoughtSpot

Tesla Deliveries: Better than feared

Spectrum in the Senate's “Big, Beautiful” Bill: The End of the Beginning

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