Jefferies


Jefferies: Liberty Global’s buybacks, upgrades and ‘string of pearls’ will set shares on upward trend

Liberty Global’s commitment to share buybacks, a ‘string of pearls’ strategy that will see local units separately listed, the upgrade and expansion of the UK fibre network and a potential merger in Belgium should see the company’s stock price rise from its current undervalued level, according to an analysis by Jefferies, which gives the international […]

Boost for Bezeq expected from yes merger and infrastructure-ISP combo

Israeli service provider Bezeq’s merger of its Bezeq International consumer business with direct-to-home pay TV operator yes, the combination of infrastructure and ISP divisions and the planned separation of its business-focused ICT division into a separate wholly-owned company will deliver significant benefits for the company, according to analysts at Jefferies. According to Jefferies, the acquisition […]

Virgin Media O2 passes new fibre milestone as competitive landscape heats up

Liberty Global and Telefónica-owned Virgin Media O2 has added one-and-a-half million homes to its gigabit network, enabling it to make the claim that more than half of its footprint can now access ultra-fast broadband speeds. The company has now upgraded its network in locations across the UK, including Bournemouth, Bristol, Northampton, Sunderland, Wolverhampton, Wigan and […]

SES slows decline of video business, highlights HD+

Satellite operator SES has delivered a respectable set of quarterly results, with strong growth in the government sector helping push its Q2 top line ahead of expectations, with a slowing rate of year-on-year decline. Overall, SES delivered revenues of €875 million over the first half, down 3.3% at constant currency. However, the prior year period […]

Tele2 sees TV base and revenues decline

Swedish service provider Tele2 saw its domestic TV revenues and subscriber base decline in the course of the first quarter despite progress in migrating customer to fixed-mobile convergence offerings. Swedish digital TV end-user service revenue declined by 8%, which the company attributed to lower digital-terrestrial subs and lower revenue from premium sports packages. The company […]

Vodafone Deutschland set to lose subs as end of mandatory housing contracts looms

Vodafone Deutschland is likely to lose about two million basic cable subscribers and around €400 million in revenue if planned legislative changes affecting the supply of services to housing associations are implemented, according to an analysis by Jefferies. According to the analysts, the changes, which would end the current practice whereby housing associations bundle the […]

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 […]

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