reports
KPN reports progress of € 250m share buyback
KPN reports progress of € 250m share buyback KPN has repurchased 1,675,000 KPN ordinary shares in the period from 23 June to 27 June 2025. The shares were repurchased at an average price of € 4.15 per share for a total consideration of € 7.0m. These repurchases are part of the € 250m share buyback started on 25 February 2025 and reflect KPN's commitment to structurally return additional capital to its shareholders. The total number of ordinary shares repurchased until 27 June 2025 is 52,398,738 for a total consideration of € 209.4m. Transaction details of the share buyback are available o...
KPN reports on progress of € 250m share buyback
KPN reports on progress of € 250m share buyback KPN has repurchased 1,912,000 KPN ordinary shares in the period from 16 June to 20 June 2025. The shares were repurchased at an average price of € 4.14 per share for a total consideration of € 7.9m. These repurchases are part of the € 250m share buyback started on 25 February 2025 and reflect KPN's commitment to structurally return additional capital to its shareholders. The total number of ordinary shares repurchased until 13 June 2025 is 50,723,738 for a total consideration of € 202.4m. Transaction details of the share buyback are availabl...
- Carole Braudeau
- Carole Braudeau
- Russell Waller
Swisscom (Neutral, TP: CHF575, +3%) Sunrise (Neutral, TP: CHF38, -13%)...
We recently held investor calls with senior management at Salt (HERE), Swisscom (HERE) and Sunrise. We provide a summary in this report. We are Neutral on all three names, but if domestic conditions are indeed improving, as was suggested, then we would become more positively inclined. In addition, we can see how all three look attractive on a yield relative basis to the now 0% Swiss central Bank rate, that is seemingly heading to negative territory again.
- David Vagman
- CFA
KPN/Solid but some risks to the growth beyond 2027/HOLD
We acknowledge the shares have done well, +19% YTD, +9% vs the SXKP, on solid execution in the benign Dutch environment, and telecom stocks finally rerating. We agree the attractive FCF/cash returns profile to 2027, and low leverage, are not at risk. Management is committed to deliver its capex step down. However, we think this is better priced in, the risk return is less obvious and the growth beyond the 2027 “victory” will come with some twists. We think VodafoneZiggo's counter offensive (reta...
Orange: Orange announces the results of its tender offer on outstandin...
Orange: Orange announces the results of its tender offer on outstanding hybrid notes Press releaseParis, 20 June 2025 NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA Orange announces the results of its tender offer on outstanding hybrid notes Orange S.A. announces today the results of a tender offer launched on June 12, 2025 (the Tender Offer) to repurchase part of two Series of outstanding undated non-call deeply subordinated fixed to reset rate notes, as follows: In respect of its €1.25 billion Undated 12 Year Non-Call Deeply Subordinated Fixed to Reset Rate Notes with first rese...
Orange : Orange annonce les résultats de son offre de rachat sur des o...
Orange : Orange annonce les résultats de son offre de rachat sur des obligations hybrides existantes Communiqué de presseParis, 20 juin 2025 NE PAS DISTRIBUER AUX ETATS-UNIS D’AMÉRIQUE Orange annonce les résultats de son offre de rachat sur des obligations hybrides existantes Orange annonce aujourd’hui les résultats de l’offre de rachat initiée le 12 juin 2025 (l’« Offre de Rachat ») en vue du rachat partiel de deux souches d'obligations super-subordonnées à durée indéterminée et portant intérêt à taux fixe réajustable en circulation. Les détails de ces résultats sont décrits ci-dessous ...
- Russell Waller
- Felix Fischer
- Haidje Rustau
- Jayanth Kandalam
- Peter Low
- Tanvi Arora
- Trung Nguyen
- Russell Waller
NOS (Sell, TP: €3.11, -18%) Digi (Underweight) Altice International (E...
One of the key questions in European Telecoms at the moment is how successful will Digi be in Portugal, Spain and Belgium; and to a lesser extent, how successful can the challengers be in general: Salt, Iliad Italy, and so on. In this report, we take a top-down look at how spectrum drives success in European mobile, and what that means for future outcomes.
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Jesse Norcross
- Nadège Tillier
- Timothy Rahill
- Guy Sips
- Michiel Declercq
- ING Helpdesk
- Felix Fischer
- Haidje Rustau
- Jayanth Kandalam
- Si Yong Ng
- Tanvi Arora
- Trung Nguyen
Lucror Analytics - Morning Views Europe
In today's Morning Views publication we comment on developments of the following high yield issuers: Loewen Play, TeamSystem, Eircom, United Group, Telecom Italia, Cheplapharm, Virgin Media O2, Tata Motors, Benteler International, Lottomatica (formerly Gamenet), Crown Holdings
KPN reports on progress of € 250m share buyback
KPN reports on progress of € 250m share buyback KPN has repurchased 2,540,000 KPN ordinary shares in the period from 9 June to 13 June 2025. The shares were repurchased at an average price of € 4.13 per share for a total consideration of € 10.5m. These repurchases are part of the € 250m share buyback started on 25 February 2025 and reflect KPN's commitment to structurally return additional capital to its shareholders. The total number of ordinary shares repurchased until 13 June 2025 is 48,811,738 for a total consideration of € 194.5m. Transaction details of the share buyback are availabl...
- Carole Braudeau
- Carole Braudeau
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Jesse Norcross
- Nadège Tillier
- Timothy Rahill
- Research Department
IBERIAN DAILY 16 JUNE (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: AEDAS HOMES, CAIXABANK, CHANGES IBEX, ELECTRICITY SECTOR, NEINOR HOMES, TELEFÓNICA. Geopolitical tensions in the Middle East halt stock market gains The trade agreement between the US and China, and the solid inflation data in the US, were overshadowed by the increased geopolitical tensions between Iran and Israel. In the STOXX 600, the best-performing sectors and the only ones in positive territory were Energy, Utilities and Pharma, with Financial Services and Telecoms falling th...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.