Report
Stephane Beyazian

Vodafone : Les bons et moins bons points de la transaction Vodafone UK-3UK

>Les bonnes nouvelles (synergies) - Les synergies de fusion sont très proches de nos estimations : Vodafone vise 700 M£ par an (ODDO BHF : 800 M£), dont ~500 M£ en couts et ~200 M£ en investissements, pour une valeur totale annoncée à 7 Md£. Ces synergies n’incluent pas de synergies de CA (vente croisée).Sur la base des EBITDA publiés par Vodafone UK et 3UK, nous calculons que Vodafone accepte de laisser une prime de valorisation de 15-20% à 3UK versus Vodafone U...
Underlying
Vodafone Group Plc

Vodafone Group provides mobile and fixed telecommunication services including: access charges, voice and video calls, messaging, interconnect fees, fixed and mobile broadband and related services such as providing televisual and music content, connection fees and equipment sales. Co. provides a range of consumer products and services including mobile, fixed voice, broadband and television, financial as well as other services to operators outside its footprint. Co. also provides a range of enterprise products and services including total communications such as mobile, fixed and a suite of converged communications services, internet of things, cloud and hosting and carrier services.

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
Stephane Beyazian

Other Reports on these Companies
Other Reports from Oddo BHF
Olfa Taamallah ... (+2)
  • Olfa Taamallah
  • Yan Derocles
Cor Kluis ... (+2)
  • Cor Kluis
  • Julian Dobrovolschi

ResearchPool Subscriptions

Get the most out of your insights

Get in touch