Vodafone (Buy, £1.20, +40%) Q1 26: Clearer evidence of value over volu...

Vodafone’s Q1 results do show some signs of improving revenue growth in Germany with a more disciplined approach to pricing. We think Vodafone still looks very attractively priced at the moment, but we believe a longer-term outlook from management would help to underpin more confidence in the investment case.

BT Group (Buy, £2.65, +26%) Q1 26: The line loss debate continues (in ...

BT’s Q1 results were broadly in line with expectations financially, but the eye-grabbing number is the lower Openreach line losses compared to prior quarters.

Deutsche Telekom : A good Q2 from TMUS paves the way for a small rebou...

Deutsche Telekom : Un bon T2 de TMUS qui ouvre la voie à un petit rebo...

INFORME DIARIO 24 JULIO + RDOS. ESPAÑA Y EUROPA 2T’25. IDEAS DESTACADA...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACS, BANKINTER, CAF, COLONIAL, IBERDROLA, INDRA, REPSOL, ROVI, VIDRALA. EUROPA: BNP PARIBAS, DEUTSCHE TELEKOM, NOKIA, PERNOD RICARD, UNICREDIT. 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. 2T’25 que se publicarán en España y Europa en los próximos días. Mayores esperanzas en las negociaciones comerciales ...

EU Telecoms: Half-time 2025 Review Sector has outperformed: More sele...

The European Telecoms continues to outperform: up 17% YTD vs. the market up 10%. While this is great to see, adding to the 12pp outperformance in 2024 and supporting our investment thesis of improving regulation, it does mean the equity upside story from here is becoming more selective.

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 21/07/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 07/21/2025

Deutsche Telekom : Consensus forecasts complete

TalkTalk (Overweight 1st lien) Deeper dive on customer trends and est...

There is a lot of focus (quite rightly) on TalkTalk’s customer trends as a longer-term indicator of their growth trajectory but the initial Q1 results suggested a wide range of outcomes.However, we now have more detail on this from the company and in this note, we take a deeper dive into the precise customer trends and provide an updated set of forecasts. For BT, we then also assess the potential impact that this might be having on Openreach.

Deutsche Telekom : Atterrissage du consensus terminé

Vodafone (Buy, £1.20, +50%) Tele Columbus (Overweight) German TV refr...

Over the past year, Vodafone and TeleColumbus have been hugely affected by the MDU bulk migration. However, going into the second half of 2025, we will start to lap this impact so trends will revert to something more “normal”.

Credit Morning 07/01/2025

Acqua e Sapone: high cash burn in Q1 and higher leverage|Flos B&B Italia Group dissolves its joint venture with Fendi|BBVA goes ahead with Sabadell offer|

Morning Crédit 01/07/2025

Acqua e Sapone : consommation de cash importante au T1 et hausse du levier|Flos B&B Italia met fin à sa JV avec Fendi|BBVA décide de poursuivre son offre sur Sabadell|

Global EM Telcos & Towers Another decent month: NSR GEM Top-10 July ‘...

Our picks largely had a slightly slower month in June, with VEON seeing sharp profit taking, but a recovery in some of the weaker stocks such as LILAK offset to continue to see overall valuations rise. We continue to see the EM Telco cycle in an upswing. This note also includes key news & other thoughts, to try to help investors generate alpha within the EM Telco space. In our view, our picks remain heavily undervalued, so we make no changes to the list.

Credit Morning 06/30/2025

Worldline: Belgian authorities open investigation into local subsidiary for money laundering|

Morning Crédit 30/06/2025

Worldline : la justice belge ouvre une enquête sur la filiale locale pour blanchiment d’argent|

Sub-Saharan African Telecoms Good quarter, Vodacom price target to ZA...

The Sub-Saharan African (SSA) operators performed well in Q1 with service revenue trends accelerating, solid Fintech and sequentially stable margins.

Credit Morning 06/16/2025

Renault: Luca de Meo to step down as CEO|

Morning Crédit 16/06/2025

Luca de Meo (Renault) devrait devenir CEO de Kering|