New Street Research - Vodafone Group (VOD LN) New Street: e (Etisalat)/Vodafone Implications in EM, especially India/Africa

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New Street Research

Chris Hoare

EUR 8555.00 For Business Accounts Only

New Street: e& (Etisalat)/Vodafone Implications in EM, especially India/Africa

Following news of e& (Etisalat) buying a stake in Vodafone we provide some high level thoughts on the implications for Vodafone’s EM associates/subsidiaries, and the broader EM space both in Africa and India.

18/05/2022 1 EN

Underlying

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
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Global Emerging Market Telecoms
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Pan European Telecom Services and Cable

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Analysts

Chris Hoare

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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.

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New Street: e& (Etisalat)/Vodafone Implications in EM, especially India/Africa

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.

Vodafone (Buy, 120p, +56%) Was 135p Target price/ model update: The UK ups and the German downs

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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