Jefferies


Netflix price increase likely, predicts analyst

A price increase at Netflix is ‘probable’ but unlikely to turn off many subscribers, claims an analyst. According to Jefferies’s Alex Giamo, a “change in language regarding pricing” between the streamer’s Q1 and Q2 earnings calls has left the analyst believing that “a potential hike is probable in the near to midterm.” Netflix had told […]

MásMóvil denies contact with Vodafone over possible Spanish merger

Spanish alternative telecom operator MásMóvil has said it has had no contact with Vodafone following press reports that Vodafone was looking potentially to acquire it. El Economista reported yesterday that the pair had been in contact in recent days over a possible combination, citing unnamed sources. An acquisition of MásMóvil, the country’s number four operator, […]

Orange ‘resilient’ in face of COVID-19

Orange’s performance has been “impressively resilient” in the French and Polish markets and the company is well paced to withstand the impact of COVID-19, despite ongoing weakness in its Spanish operation, according to analysts from Jefferies. According to the analysts, conversations with management ahead of the company’s Q2 results on July 30 indicated confidence that […]

KKR and Cinven bid for MásMóvil could pave way for Spanish shake-up

Private equity groups KKR and Cinven have teamed up to make a friendly takeover bid for Spain’s fourth-ranked telecom operator MásMóvil for up to €2.963 billion, which could pave the way for a long-awaited shake up of the Spanish telecom market.   The funds are offering €22.50 a share for the operator, which has been […]

Analysts heap praise on Eutelsat as broadcast revenues hold up

Amid problems elsewhere in the satellite sector, analysts have given a strong vote of confidence in satellite operator Eutelsat after it posted solid fiscal Q3 results that showed modest quarter-to-quarter growth in the challenged broadcast segment and a stable year-on-year performance in broadcast. Analysts at Berenberg said that “Eutelsat’s Q3 revenue release once again highlighted to us that the company’s cash flows are […]

Orange Belgium slams regulator’s draft ruling on cable wholesale access

Orange Belgium has called for “material improvement” in new wholesale cable tariffs included a draft ruling by the CRC, which groups together several Belgian regulators. Orange complained that the draft, which has been submitted to the EC for approval, would undermine its strategy of offering a convergent offering. It said that the draft implies a […]

Telia takes Coronavirus hit through exposure to free TV market

While the majority of telcos are weathering the Coronavirus storm well relative to other sectors, Nordic telco Telia’s recent acquisition of TV4-owner Bonnier Broadcasting and its consequent exposure to the advertising market and the cancellation of sports events has forced an admission that it will not make its financial guidance goals this year. Telia said […]

Dutch ruling ‘unlikely’ to impact Belgian cable wholesale regulation

The rejection by a Dutch court of cable wholesale regulation is unlikely to be followed by Belgium, according to analysts at Jefferies, with the two countries’ respective regulators making different assumptions in implementing the rules governing access to cable networks. Analysing the likely performance of Belgian telcos Proximus and Orange Belgium in light of the […]

Jefferies: Sky more likely to team up with BT Openreach than Virgin Media for fibre

Sky is more likely to partner with BT Openreach to extend its fibre broadband reach in the UK than to sign a much-speculated on wholesale deal with Liberty Global-owned Virgin Media, according to analysts from Jefferies. Jefferies gave BT a ‘buy’ rating but predicted a cut in its dividend per share from next year to […]

Satellite operators cut out as FCC decides on public C-Band auction

The US FCC has unveiled plans to hold a public auction of the C-band spectrum currently used by satellite operators in a move that attracted immediate criticism from the C-band Alliance (CBA), the group comprising satellite players Intelsat, SES and Telesat that had lobbied for a private sale of spectrum.  FCC chairman Ajit Pai said […]