Sub-Saharan African Telecoms Excellent year; slowdown expected in 202...

Q4 was another good quarter for the Sub-Saharan African (SSA) operators with YoY service revenue growth in USD creeping up and good KPIs.

IBERIAN DAILY 08 APRIL (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AEDAS HOMES, ALMIRALL, INDRA, REPSOL, TELEFÓNICA. Rally on the markets thanks to the two-week ceasefire European stock markets began the session with gains, then losing ground and ending with losses, with no announcement of a deal to end the ultimatum. Late last night it was learned that Iran and the US agreed to a two-week ceasefire that includes opening the Strait of Hormuz, while Israel, which supports the ceasefire, will continue to attack Lebanon. In the STOXX 600, most sect...

DT/ Tele Columbus. Progress on wholesale fibre access

The regulation of MDU in-building fibre (Level 4) is a key battleground for German fibre deployments.

INFORME DIARIO 08 ABRIL (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AEDAS HOMES, ALMIRALL, INDRA, REPSOL, TELEFÓNICA. EUROPA: DANONE. Los mercados rebotan por la tregua de dos semanas Las bolsas europeas comenzaron la jornada con ganancias, pero fueron perdiendo terreno hasta terminar con pérdidas a la espera de que se anunciase un acuerdo que pusiera fin al ultimátum. Pasada la medianoche se conocía que Irán y EE.UU. acordaban una tregua por 2 semanas que incluye el desbloqueo del estrecho de Ormuz mientras que Is...

Telefonica (Reduce, €3.3, -15%) Was €2.6. Telecom Italia (Neutral, €0....

Today my colleague Chris has upgraded his forecasts and valuation of Vivo and this leads to an upgrade in our value of Telefonica

Deutsche Telekom AG - December 2025 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Global EM Telcos & Towers – Surprisingly resilient, so far – NSR GEM T...

EM Telcos have been resilient to what is the biggest macro shock since the Ukrainian war, with our portfolio down 5% in March, but still up 11% ytd, well ahead of broader markets.

Liberty Global Ltd: 1 director

A director at Liberty Global Ltd sold 150,000 shares at 12.146USD and the significance rating of the trade was 89/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...

UK Telecoms 5-year view: Our take on Ofcom’s take

Ofcom has set out its finalised outlook for the 2026-31 UK Telecoms Access Review. We believe it adheres to the general framework that market dynamics should be a key determinant of how competition develops from here, rather than regulatory policy, which is supportive for investors in the sector with no real surprises.

INFORME DIARIO 13 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: BBVA, IAG, TELEFÓNICA. El crudo y las dudas en crédito privado lastran la confianza en las bolsas Aumentan las caídas en los índices europeos, con el S&P 500 jugándose el soporte de los 6.700 puntos. El Euro STOXX 50 tocó la referencia de los 5.750 puntos por las tensiones en Medio Oriente (el Brent volvió a los 99 d/b) y las preocupaciones sobre el crédito privado. En el STOXX 600, los mejores sectores fueron Químicas y Utilities mientras que Via...

IBERIAN DAILY 13 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: BBVA, IAG, TELEFÓNICA. Crude oil and private credit drag down stock market confidence European stock markets fell further, with the S&P 500 on the verge of falling below the 6,700 point support. The Euro STOXX 50 hit 5,750 due to the tension in the Middle East (Brent returned to US$ 99/barrel) and the concerns on private credit. In the STOXX 600, the best-performing sectors were Chemicals and Utilities, whereas Travel & Leisure and Banks suffered the biggest corrections. On the m...

German FTTH Implications of new German fibre bill

Earlier this week, the German Government updated its consultation for the deployment of fibre in Germany with quite a number of new suggestions – and which could have potential ramifications for the German fibre market.

Global EM Telcos & Towers The impossible dream – NSR GEM Top-10 March...

2025 was such a strong year for EM Telcos with the result that while remaining bullish we thought it was not plausible that 2026 would be as strong. Yet if anything the year has started better than 2025, with our picks up 18% ytd already, and up 113% since the start of 2025.

IBERIAN DAILY 02 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AMADEUS, AMPER, CAF, IBERDROLA, REDEIA, TALGO, TELEFÓNICA, UNICAJA. We begin a highly volatile week European stock markets ended last week with corrections whereas doubts persist in the technology sector and the geopolitical tension between the US and Iran continues. The Ibex endured battery of earnings and ended above 18,000 points. In the STOXX 600, the best-performing sectors last week were Utilities and Real Estate, whereas Basic Materials and Telecoms had the biggest drops....

INFORME DIARIO 02 MARZO + RDOS. EUROPA. PREVIEWS (ANÁLISIS BANCO SABAD...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AMADEUS, AMPER, CAF, IBERDROLA, REDEIA, TALGO, TELEFÓNICA, UNICAJA. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 4T’25 que se publicarán en España y Europa en los próximos días. Empezamos una semana de elevada volatilidad Las bolsas europeas cerraron la semana con pérdidas, mientras persisten las dudas e...

Deutsche Telekom AG: 1 director

A director at Deutsche Telekom AG sold 100,000 shares at 33.800EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...

EM Telcos Pricing power returns; where best; why (some) EM Telcos’ mu...

The resumption of pricing power is one of the key drivers of the rally in EM Telcos and perhaps the area where consensus is most sceptical. In this note we analyse which markets have the greatest potential for sustained pricing power, looking at key issues: affordability and regulatory and competitive structure.

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 02/26/2026

Deutsche Telekom (Buy, €43, +28%) Should still be a core holding for ...

At a time when the European telecoms sector has been outperforming strongly, we think DT still stands out as a core holding for 2026 and there is still some 2025 “catch-up” to play out – but with the implied ex-US value at all-time highs, the upside from here now relies more on a TMUS recovery.

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 26/02/2026