Morgan Stanley

Altice Europe creates continent’s first nationwide fibre wholesaler in Portugal

Altice Europe’s Portugese subsidiary MEO has signed a deal with Morgan Stanley Infrastructure Partners to create what it says will be the first nationwide fibre wholesaler in Europe. To facilitate the deal, MEO will sell a minority equity stake of 49.99% in Altice Portugal FTTH, based on a value of €4.63 billion.  Altice Portugal FTTH […]

BSkyB chooses banks for pan-European pay TV plan

UK pay TV operator BSkyB has hired Morgan Stanley and Barclays to advise on its plans to create a pan-European pay TV giant combining its operations with those of 21st Century Fox stable-mates Sky Deutschland and Sky Italia, according to a Reuters report. According to Reuters, citing a source familiar with the matter, both banks, […]

Morgan Stanley says Netflix has much more room for growth

Netflix’s potential US market could extend well beyond the 40-50 million households that some investors believe will mark the limits of its reach, according to Morgan Stanley. Raising its share price target from US$270 (€206) to US$314 and reiterating its overweight on Netflix stock, the investment bank said that continued innovation in internet-connected devices such […]

Morgan Stanley sees risks for Eutelsat

Investment bank Morgan Stanley has cut its rating of satellite operator Eutelsat’s stock back to ‘equal weight’ after it said the company had underestimated the negative impact of weak US demand for military applications and competitive pressure in the data services market. Morgan Stanley said the outlook for US military demand for the rest of […]

BSkyB promotions to target BT Sports launch

BSkyB will hit back at BT with new pricing promotions as double-digit percentage increases in the cost of key sports rights kick in, in the wake of BT launching its own sports channels in the UK, according to analysts. Morgan Stanley issued a report following UK telco BT launching BT Sports yesterday and said that […]

Concerns about threats to BSkyB are overstated, says Morgan Stanley

Concerns that BSkyB’s growth is leveling off and that BT’s foray into sports represent serious threats to the UK pay TV leader are largely overstated, according to a note on Sky from Morgan Stanley Research. Morgan Stanley said that it believed concerns that Sky’s earnings per share growth, while rose 16% in the first three […]

Intelsat begins IPO share process

Intelsat has started distributing a draft registration statement ahead of its planned IPO, which will see it listed on the New York Stock Exchange.   The satellite operator plans to make an initial public offering of 21,739,130 common shares and 3,000,000 Series A preferred shares, it said in a statement. Intelsat has granted the underwriters […]

Ziggo to refinance debt with €800m loan

Dutch cable operator Ziggo has received loan commitments from a number of banks to raise €800m, which it said it would use to partially refinance its existing debt.  The new credit facility will be provided by ABN Amro Bank, BNP Paribas Fortis, Cooperative Centrale Raiffeisen Boerenleenbank, Credit Suisse, Goldman Sachs, ING-DiBa, JP Morgan, Morgan Stanley, […]