Vantage Towers (Neutral, €32, -3%) Guidance upgrade, but all eyes on tender result
Vantage Towers Q3 results are reasonably solid with an increase in the guidance to the upper half of the range, but progress on BTS buildout or incremental 1&1 tenancies in Germany still seems to be slow. However, given the bid, these are likely to have little immediate bearing on the share price. The results of the tender offer are due to be published tomorrow. In the note we run through next steps on the tender process and the detailed trends from the results.
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
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.