M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

CTFN

Bringing the marketplace leading coverage of mergers, events, and major corporate actions, CTFN has a team of seasoned reporters from Los Angeles to London, publishing news that advances stories that matter to event-driven investors and deal professionals.

Event-Driven

BT Group and Orange are rumored to have taken an interest in Masergy Communication’s sale, a sector executive and a banker told CTFN.  Masergy offers a cloud service through a software defined platform, and the two European telecoms are attracted to a “unique” feature that integrates networks from different vendors and different types of technologies, said the executive.

BT Group and Orange are rumored to have taken an interest in Masergy Communication’s sale, a sector executive and a banker told CTFN.  Masergy offers a cloud service through a software defined platform, and the two European telecoms are attracted to a “unique” feature that integrates networks from different vendors and different types of technologies, said the executive.

BT and Orange Rumored to Have Interest in Masergy

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

Five days after the surprise Brexit vote, much remains to be clarified in terms of future direction. If anything, the various political moves in the UK and the EU in recent days suggest we face a period of real uncertainty ahead. That said, as the fallout continues it is worth looking for investment opportunities.  We continue to review the market for dislocations in the telecoms sector as we believe a lot of the near-term movements have been predominantly driven by fund flow/ liquidity and…

Five days after the surprise Brexit vote, much remains to be clarified in terms of future direction. If anything, the various political moves in the UK and the EU in recent days suggest we face a period of real uncertainty ahead. That said, as the fallout continues it is worth looking for investment opportunities.  We continue to review the market for dislocations in the telecoms sector as we believe a lot of the near-term movements have been predominantly driven by fund flow/ liquidity and…

Post Brexit Fallout Continues: Looking for Opportunities in European Telcos?

As <a href="https://www.smartkarma.com/profiles/273" target="_blank" data-smartkarma-citation="accounts:273">Morningstar</a> has noted, Brexit fears may be positive for <a href="https://www.smartkarma.com/entities/690" target="_blank" data-smartkarma-citation="entities:690">Telstra</a> in Australia. The unexpected Brexit vote has sent shockwaves through financial markets and it will take some time to settle down. There are many moving parts in Europe with a real potential for a rising cost of capital, FX disconnections, and possible macroeconomic fallout.Much is in the realm of the unknown, making near-term predictions difficult. However, once the dust settles, we do view telecoms as an industry that is less…

As Morningstar has noted, Brexit fears may be positive for Telstra in Australia. The unexpected Brexit vote has sent shockwaves through financial markets and it will take some time to settle down. There are many moving parts in Europe with a real potential for a rising cost of capital, FX disconnections, and possible macroeconomic fallout.Much is in the realm of the unknown, making near-term predictions difficult. However, once the dust settles, we do view telecoms as an industry that is less…

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Thematic (Sector/Industry)

Fears of the impact of Britain's exit from the European Union have pushed down the prices of most European communication stocks. We think this is an overreaction as we view telecom as a sector somewhat immune to geopolitical changes. In our view, Brexit will have no effect on cross-border transfers of voice or data as mobile termination rates for voice have already been reduced to negligible levels and for data have been cut in half and will be down to local roaming rates by the end of 2017.Within the U.K., we think BT will likely be the most affected as the majority of its revenue is from the U.K. Its only non-U.K. revenue is from its global services division. However, we think what losses do accrue will be offset by stronger revenue from the global services division as revenue from other currencies is translated into a weaker pound.Analysts: Allan C. Nichols, CFA

Fears of the impact of Britain's exit from the European Union have pushed down the prices of most European communication stocks. We think this is an overreaction as we view telecom as a sector somewhat immune to geopolitical changes. In our view, Brexit will have no effect on cross-border transfers of voice or data as mobile termination rates for voice have already been reduced to negligible levels and for data have been cut in half and will be down to local roaming rates by the end of 2017.Within the U.K., we think BT will likely be the most affected as the majority of its revenue is from the U.K. Its only non-U.K. revenue is from its global services division. However, we think what losses do accrue will be offset by stronger revenue from the global services division as revenue from other currencies is translated into a weaker pound.Analysts: Allan C. Nichols, CFA

We Believe Brexit Fears Have Unfairly Driven Down Shares of Most European Communication Stocks

BT Group and Orange SA are rumored to be considering selling their enterprise services businesses, a sector executive and a banker told CTFN.  “Let's say that it is a topic which (people in the market) talk about from time to time, and it would make some sense from a strategic point of view," said the banker.

BT Group and Orange SA are rumored to be considering selling their enterprise services businesses, a sector executive and a banker told CTFN.  “Let's say that it is a topic which (people in the market) talk about from time to time, and it would make some sense from a strategic point of view," said the banker.

BT Group and Orange Rumored to Consider Divesting Enterprise Businesses

United Kingdom

BT Group plc provides telecommunications services. The Company provides local and long-distance telephone call products and services in the UK, international telephone calls to and from the UK, broadband network solutions and web hosting to corporate customers, network ADSL, ISDN, and IP services to communication companies and narrowband and broadband internet access and related services.

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BT Group PLC (BT/A LN)

BT and Orange Rumored to Have Interest in Masergy

BT Group and Orange are rumored to have taken an interest in Masergy Communication’s sale, a sector executive and a banker told CTFN. Masergy...

CTFN

Post Brexit Fallout Continues: Looking for Opportunities in European Telcos?

Five days after the surprise Brexit vote, much remains to be clarified in terms of future direction. If anything, the various political moves in...

New Street Research

Brexit Far More than a UK Issue

As Morningstar has noted, Brexit fears may be positive for Telstra in Australia. The unexpected Brexit vote has sent shockwaves through financial...

New Street Research

We Believe Brexit Fears Have Unfairly Driven Down Shares of Most European Communication Stocks

Fears of the impact of Britain's exit from the European Union have pushed down the prices of most European communication stocks. We think this is...

Morningstar, Inc.

BT Group and Orange Rumored to Consider Divesting Enterprise Businesses

BT Group and Orange SA are rumored to be considering selling their enterprise services businesses, a sector executive and a banker told CTFN....

CTFN

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