Report
Konrad Zomer ...
  • Stephane Beyazian

1&1 AG : Slower trends in Q2 2022 due to broadband

>Erosion in broadband - 1&1 added 100,000 new SIMs in Q2 - broadly in line with Q1 (+90,000) but still impacted by the ability for consumer to churn before 24 months since January in Germany (average of 170,000 new SIMs per quarter in 2021). In broadband, 1&1 lost a record-high 40,000 broadband lines which is disappointing, in a market where Deutsche Telekom seems to outperform and which could become even more difficult with the launch of broadband by Freenet. AS a re...
Underlying
1&1 Drillisch AG

Drillisch is a holding company. Co. through its subsidiaries, is a mobile virtual network operator in Germany. The services acquired from the network operators Telekom Deutschland GmbH, Vodafone D2 GmbH, E-Plus Mobilfunk GmbH and Telefonica O2 Germany GmbH & Co. OHG are sold further to the end consumers for Co.'s own account and at rates established by Co. Co. organizes its operations into three segments: telecommunications, which includes its activities in the sector of wireless services; freenet holding, which comprises the operations of its freenet AG subsidiary; and software services, which involves activities related to the development and marketing of a workflow management software.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Konrad Zomer

Stephane Beyazian

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