Altice France Bonds (Equal Weight) Altice France Equity (Buy from Neut...

The long awaited SFR deal has been provisionally agreed, with the Consortium upping their offer from €17bn to €20.35bn. A big bump – at this stage its unclear what the justification is for the increase. The consortium have been granted exclusive negotiations until May 15. In this report we look at the offer, and what it means for Drahi, lenders, Orange, Bouygues and Iliad, and the wider sector too.

Altice France Bonds (Equal Weight) Altice France Equity (Neutral, TP: ...

There have been more press articles on French M&A in the past few days, HERE and HERE. So far, the content tallies with feedback we received from our recent meeting with Bouygues management, HERE: no deal yet, but a deal is still more likely than not.

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.

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

Compares key performance metrics against industry peers.

Orange/Telia/Tele2 and whole sector: Downgrade to Neutral Downgrading...

After some strong share price moves, and now with limited upside to our target prices, we downgrade Orange, Tele2 and Telia to Neutral from Buy. This is a valuation call with no change to thesis.

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.

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...

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

Deutsche Telekom : German trends recovering

Deutsche Telekom : German trends recovering

INFORME DIARIO 26 FEBRERO + RDOS. ESPAÑA Y EUROPA. IDEAS DESTACADAS Y ...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACS, EBRO FOODS, FERROVIAL, INDRA, MELIÁ, NEINOR HOMES, REDEIA, SANTANDER. EUROPA: AXA, ALLIANZ, DEUTSCHE TELEKOM, ENI, SCHNEIDER ELECTRIC. 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. El mercado se estabiliza Recuperación generalizada en la...

Orange (Buy, TP: €18.9, +7%) New EFCF guide justifies a Buy – more to...

Orange presented its vision for the next 3 years in Paris today. We attended, and give our initial thoughts in this short piece. In summary, we are Buyers of Orange, and heard enough to stay long-term positive on the name (even ex M&A). The cash story we wrote about at the time of the MasOrange (MO) buy-in (HERE) is coming through.

Orange (Buy, TP: €18.9, +12%) Q4 25: Set-up nicely ahead of tomorrow’s...

Orange has reported a solid set of results, with Telco EBITDA c+0.7% ahead of consensus. French KPIs are solid, and French retail SR y/y growth is a little better sequentially.

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 02/12/2026

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 12/02/2026

INFORME DIARIO 12 FEBRERO + RDOS. ESPAÑA Y EUROPA 4T’25. IDEAS DESTACA...

COMPAÑÍAS QUE APARECEN EN EL INFORME: EUROPA: AB INBEV, AHOLD DELHAIZE, ASML, DEUTSCHE TELEKOM, ESSILORLUXOTTICA, MERCEDES BENZ GROUP, SANOFI. 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. El dato de empleo en EE.UU. agita los mercados Jornada de más a menos en las bolsas europeas, que ...

Deutsche Telekom : TMUS reassures on its prospects with 9% FCF growth ...

Deutsche Telekom : TMUS rassure sur ses perspectives avec 9% de croiss...