View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

   reports
Chris Hoare
  • Chris Hoare
08/14/25 August 14, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR190, +15%) MTN Uganda – Q2 25 Quick Take: Solid EBIT...

MTN Uganda has reported a decent set of Q2 results. Top line trends were roughly similar to Q1, still impacted by the MTR cut on the voice side. However, data growth remained solid and EBITDA margins were good.

08/11/25 August 11, 2025 1 EN
Chris Hoare
  • Chris Hoare
08/01/25 August 1, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR190, +23%) MTN Nigeria – Q2 25: Very strong, guidanc...

MTN Nigeria has reported a very strong set of Q2 results, supported by a full quarter of price increase and the company has upgraded its FY25 and medium-term guidance.

07/31/25 July 31, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN
AAF AIRTEL AFRICA

Nigerian Telcos Strong start to the year, full price increase boost y...

Local currency growth accelerated to above 40% in Q1, and is likely to continue to accelerate in Q2 driven by a full quarter impact from the 50% price increase approval, and stabilising macro.

MTN MTN
AAF AIRTEL AFRICA
06/11/25 June 11, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR190, +59%) Q1 25: Group trends accelerating driven b...

MTN has reported a solid set of Q1 results with service revenue and EBITDA trends accelerating again. Therefore, service revenue continued to trend above the MT guidance.

05/12/25 May 12, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR190, +58%) MTN Uganda – Q1 25 Quick Take: Slower top...

MTN Uganda has reported a slower set of Q1 results due to the MTR cut. However, margins were solid and OpFCF growth inflected. The company has reiterated its medium-term guidance.

05/07/25 May 7, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR190, +60%) MTN Rwanda – Q1 25: Still mixed but MT gu...

MTN Rwanda has reported a somewhat mixed set of Q1 numbers. On the one hand, service revenue trends slowed, impacted by strong competition. On the other hand, EBITDA growth is back into positive territory and low capex spend this quarter translated into solid OpFCF

05/06/25 May 6, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
TKG TELKOM SA
AIRTELAF Airtel Africa P... ... (+4)

South African Telcos Continuous (modest) improvements; CY24 H2 review

H2 was a better semester for the SA Telcos. Service revenue and KPI trends continued to (modestly) improve and capex intensity continued to reduce.

TKG TELKOM SA
AIRTELAF AIRTEL AFRICA PLC
MTN MTN
AAF AIRTEL AFRICA
04/28/25 April 28, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 11582.00
MTN MTN

MTN (Buy, TP: ZAR130, +16%) MTN Rwanda – Q4 24 Quick take: Still mixe...

MTN Rwanda has reported a mixed set of Q4 numbers. Service revenue trends continued to inflect, and the company achieved its FY24 guidance for service revenue growth, but EBITDA trends slightly deteriorated.

03/14/25 March 14, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR130, +11%) MTN Uganda – Q4 24 Quick Take: Slower but...

MTN Uganda has reported a slower but solid set of Q4 numbers and has reiterated medium-term guidance.

03/06/25 March 6, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN
AAF AIRTEL AFRICA

Nigerian Telcos Nigerian Telcos – Price increase is finally coming, i...

A price increase is coming soon according to the Nigerian press. The magnitude is not yet known but this is positive news (potentially very positive) for the Nigerian Telcos, Airtel Africa and MTN.

MTN MTN
AAF AIRTEL AFRICA
01/10/25 January 10, 2025 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR130, +57%) Q3 24: Solid, SR growth back on track wit...

MTN has reported a solid set of Q3 results with service revenue and EBITDA trends accelerating and service revenue trending back in line with the MT guidance.

11/14/24 November 14, 2024 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR130, +52%) MTN Rwanda – Q3 24 Quick take: Mixed quar...

MTN Rwanda has reported a mixed set of Q3 numbers. Service revenue trends inflected and are back into positive territory while EBITDA trends eased but remained under pressure.

11/06/24 November 6, 2024 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN Uganda (Buy, TP: ZAR130, +47%) – Q3 24 Quick Take: Slower but soli...

MTN Uganda has reported a slower but solid set of Q3 numbers and has upgraded medium-term guidance for service revenue growth.

11/04/24 November 4, 2024 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR130, +50%) MTN Ghana – Q3 24 Quick Take: Faster quart...

MTN Ghana has reported a good set of Q3 results with both service revenue and EBITDA trends accelerating and solid data subscriber net additions.

11/01/24 November 1, 2024 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
MTN MTN

MTN (Buy, TP: ZAR130, +48%) MTN Nigeria Q3 24 Quick Take: A much bette...

MTN Nigeria has reported a much better set of results. Top line growth accelerated again, and EBITDA growth is back into positive territory, helped by the tower lease renegotiations.

10/31/24 October 31, 2024 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
VODJ Vodafone Group ...
VEON VEON Ltd. Spons... ... (+8)

EMEA & African Telcos & Towers - High Yield Review – Initiate Coverage...

Following similar efforts in Europe and LatAm we are launching coverage on the HY Telcos & Towers in EMEA & Africa. New names under coverage include Helios (also initiated on equity, pt GBp140), Axian Telecom and Liquid Intelligent. We also address IHS Towers (pt cut to US$ 6), VEON and Helios’ bonds.

VODJ VODAFONE GROUP PLC (ADR)
VEON VEON LTD. SPONSORED ADR
ORA ORANGE
AIRTELAF AIRTEL AFRICA PLC
MTN MTN
AAF AIRTEL AFRICA
HTWS HELIOS TOWERS
IHS.LG IHS PLC
09/26/24 September 26, 2024 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
VOD Vodafone Group ...
ORA ORANGE ... (+5)

African Telcos - Catch Back: Headwinds easing, many markets to 2 playe...

We see signs that the macro pressure of the last 2 years is leading to easing competition, as has happened in the past.

VOD VODAFONE GROUP PLC
ORA ORANGE
AIRTELAF AIRTEL AFRICA PLC
MTN MTN
AAF AIRTEL AFRICA
08/21/24 August 21, 2024 1 EN
Chris Hoare
  • Chris Hoare
EUR 8595.00
VOD Vodafone Group ...
TKG TELKOM SA ... (+3)

South African Telcos - Upgrade as the long cycle turns. Vodacom to Buy...

As the long cycle of competition turns, we upgrade price targets for both MTN and Vodacom.

VOD VODAFONE GROUP PLC
TKG TELKOM SA
MTN MTN
08/21/24 August 21, 2024 1 EN
Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest
Save

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search
Save

ResearchPool Subscriptions

Get the most out of your insights

Get in touch