Jefferies


Telenet downgraded by Jefferies on Fluvius deal

Liberty Global-backed Belgian service provider Telenet faces a series of challenges that make a less attractive investment for now, according to a note by analysts at Jefferies, who downgraded the operator to hold. Reflecting on Telenet’s announcement last week that it would fold its fibre infrastructure into a new JV with electricity and gas utility […]

Freenet sees waipu.tv growth offset Freenet TV decline

German service provider Freenet saw growth in its Waipu.tv streaming service offset a decline in its legacy Freenet TV offering last year. The customer base for the antenna-based television freenet TV declined by 105,300 customers to 796,900. The company said that the decline had little impact on the bottom line due to a 20% price increase […]

Vodafone TV base dips as speculation mounts on MásMóvil bid for Spanish unit

Vodafone has turned in a respectable fiscal Q3 trading update driven by growth in the enterprise sector and in Africa amid reports that Spanish telco MásMóvil is in talks to acquire the telecom giant’s Spanish operation. According to El Confidencial, talks between the pair are now at an intermediate stage, with negotiations focusing on the […]

Jefferies mulls Vodafone options in wake of Cevian move

Vodafone’s shares rose significantly after activist investor Cevian Capital was reported to have taken an undisclosed stake in the mobile and fixed-line giant, a move welcomed by analysts looking to consolidation to boost the company’s value. Analysts at Jefferies saw “several positives” from Cevian’s involvement, arguing that it indicated a positive belief in the potential […]

European telco sector set for resurgence, says Jefferies

The European telecom sector looks set for resurgence in 2022 amid top-line growth, potential consolidation and an improved regulatory environment that values incentives to invest over an exclusive focus on end-user pricing and competition, according to analysts at Jefferies. Jefferies’ analysts said they were “looking with confidence” at the sector over the coming year in […]

BFM Business: Orange and Vodafone considered merger

Orange and Vodafone were involved in merger talks over a six-month period in the second half of last year, according to a report by BFM Business. According to the report, citing an unnamed source, the pair considered a “marriage of equals” combining their global operations, but such a move was blocked by the French government, […]

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 […]

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