reports
- Ahmed Ben Salem
- Louis Boujard
- CFA
- Philippe Ourpatian
VER VERBUND AG CLASS A
ENEL ENEL SPA
REP REPSOL SA
GAS NATURGY ENERGY GROUP S.A.
IBE IBERDROLA SA
EGIE3 ENGIE BRASIL ENERGIA S.A.
ENBR3 EDP - ENERGIAS DO BRASIL S.A.
DT. DEUTSCHE TELEKOM AG CEDEAR
RDS.B ROYAL DUTCH SHELL PLC CEDEAR
EDF EUR 0.5
EOAA E.ON SE
VUS VANGUARD US TOTAL MARKET INDEX
861873 BP PLC
Deutsche Telekom : Fresh M&A setback, this time in the Netherlands
>The European regulator raises concerns - Deutsche Telekom made public a European Commission analysis raising a series of questions concerning the merger with Tele2 announced in December 2017. The Commission fears that prices will rise in the Netherlands. DT explains in a press release that it is surprised that the Commission seems to ignore all the benefits that the merger would bring for consumers: the new player would have a combined market share of just 25%, rema...
- Hendrik Wiersma
- Jeroen van den Broek
- Job Veenendaal
- Nadège Tillier
- Suvi Platerink Kosonen
Coffee, Croissants & Credit/DT and Tele2 Dutch merger faces EU objecti...
Deutsche Telekom's (DT) intention for T-Mobile NL to acquire Tele2's Dutch operations faces objections from the European Commission. In their preliminary analysis they fear that the combination would likely lead to higher prices in mobile retail. T-Mobile NL and Tele2 disagree with the analysis and believe it is a merger between 2 smaller players (combined c.25%; T-Mobile NL 20% and Tele2 7%, respectively), competition in mobile is driven by the discounts in KPN's and VodafoneZiggo's convergence...
- Ahmed Ben Salem
- Louis Boujard
- CFA
- Philippe Ourpatian
VER VERBUND AG CLASS A
ENEL ENEL SPA
REP REPSOL SA
GAS NATURGY ENERGY GROUP S.A.
IBE IBERDROLA SA
EGIE3 ENGIE BRASIL ENERGIA S.A.
ENBR3 EDP - ENERGIAS DO BRASIL S.A.
DT. DEUTSCHE TELEKOM AG CEDEAR
RDS.B ROYAL DUTCH SHELL PLC CEDEAR
EDF EUR 0.5
EOAA E.ON SE
VUS VANGUARD US TOTAL MARKET INDEX
861873 BP PLC
Deutsche Telekom : Nouveau contretemps M&A, cette fois aux Pays-Bas
>Le régulateur européen soulève des préoccupations - Deutsche Telekom a rendu publique une analyse de la Commission Européenne adressée à DT levant une série de questions autour de la fusion annoncée en décembre 2017 avec Tele2. La Commission craint une hausse des prix aux Pays-Bas. DT explique dans un communiqué sa surprise sur le fait que la Commission semble ignorer tous les bénéfices de cette fusion pour le consommateur, le nouvel acteur ne représentant que 25% d...
Bouygues : A stormy autumn for mobiles
>Unprecendented promotional agression on the French market - Iliad has responded to the flash sales on Red and Bouygues, at € 5 for 20Go, with a private sale at € 0.99 for 30Go. Red was the first to draw in the summer with a new offer at € 5 for 20Go with no time limit. This is an offer that it had already been made available in Q2 and which caused a rupture in net adds at Free. Bouygues followed at the beginning of September, offering 20Go at € 4.99 with no time limi...
ETL EUTELSAT COMMUNICATIONS SA
PROX PROXIMUS SA DE DROIT PUBLIC
IAM ITISSALAT AL MAGHRIB STE SA
KPN ROYAL KPN NV
FTE1 ORANGE
EN BOUYGUES SA
ISAT INMARSAT PLC
UTDI UNITED INTERNET AG
ILD ILIAD
FNTN FREENET AG
VODJ VODAFONE GROUP PLC (ADR)
OBEL ORANGE BELGIUM SA
TEF TELEFONICA SA
TI. TELECOM ITALIA S.P.A. CEDEAR
DT. DEUTSCHE TELEKOM AG CEDEAR
ATCB ALTICE EUROPE NV CLASS B
WBE WESTBOND ENTERPRISES CORP.
A2AE0D 1&1 DRILLISCH
Bouygues : Rentrée orageuse dans les mobiles
>Jamais vu une telle violence promotionnelle sur le marché français - Iliad vient de réagir aux « ventes flashs » de Red et Bouygues à 5 € pour 20 Go en faisant une vente privée à 0.99 € pour 30 Go. Red a été le premier à dégainer dans l’été avec une nouvelle offre à 5 € pour 20 Go sans limitation de durée. Une offre qu’il avait déjà faite pendant le T2 et qui avait causé la rupture de net adds chez Free. Bouygues a suivi début septembre et propose 200 Go à 4.99 ...
ETL EUTELSAT COMMUNICATIONS SA
PROX PROXIMUS SA DE DROIT PUBLIC
IAM ITISSALAT AL MAGHRIB STE SA
KPN ROYAL KPN NV
FTE1 ORANGE
EN BOUYGUES SA
ISAT INMARSAT PLC
UTDI UNITED INTERNET AG
ILD ILIAD
FNTN FREENET AG
VODJ VODAFONE GROUP PLC (ADR)
OBEL ORANGE BELGIUM SA
TEF TELEFONICA SA
TI. TELECOM ITALIA S.P.A. CEDEAR
DT. DEUTSCHE TELEKOM AG CEDEAR
ATCB ALTICE EUROPE NV CLASS B
WBE WESTBOND ENTERPRISES CORP.
A2AE0D 1&1 DRILLISCH
- Hendrik Wiersma
- Jeroen van den Broek
- Job Veenendaal
- Nadège Tillier
Coffee, Croissants & Credit/Deutsche Bank restructuring continues
Deutsche Bank (DB) continues its restructuring efforts especially in its CIB business, in addition to which it accelerates its cost saving efforts. We are cautious with the bank's fundamentals as the continuous restructuring pressures the bank's earnings also this year, which may also lead to rating downgrades.
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