New Street Research - Vantage Towers (VTWR GR) (VTWR) ... New Street: Vodafone (Buy, 190p, +50%) Vantage Towers (Buy, €36, +10%) Vodafone to sell a majority stake in Vantage Towers? Could be very significant

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New Street Research

James Ratzer

EUR 8824.00 For Business Accounts Only

New Street: Vodafone (Buy, 190p, +50%) Vantage Towers (Buy, €36, +10%) Vodafone to sell a majority stake in Vantage Towers? Could be very significant

Reuters is reporting that Brookfield and GIP have approached Vodafone to make a majority offer for Vantage Towers. This could be a significant move and we assess the valuation and balance sheet implications for Vodafone and Vantage Towers.

18/03/2022 1 EN

Underlyings

Vantage Towers (VTWR GR)

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Vodafone Group

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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.

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
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Global healthcare thematic research

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Pan European Telecom Services and Cable

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Analysts

James Ratzer

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New Street: Vodafone (Buy, 190p, +50%) Vantage Towers (Buy, €36, +10%) Vodafone to sell a majority stake in Vantage Towers? Could be very significant

EU TELCOS: What a recessionary scenario might look like

Vodafone (Buy, 135p, +87%) India value extraction on the horizon?

Liberty Global to buy out VodafoneZiggo? Our Take.

T-Mobile: Quick thoughts following the 1Q25 call

Comcast Post-1Q25 Model Update

CMCSA: Quick thoughts following the call 1Q25

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