New Street: VEON US Equity (Neutral, TP: $2.7, +35%) VEON initiates the sale of Algeria
VEON has exercised its put option to sell its 45% stake in the Algerian asset to the Algerian National Investment Fund. An independent process is now underway to determine the valuation, but a 3x EBITDA multiple looks reasonable given the recent transaction in Armenia.
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.