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…

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 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

The increase in news stories this week may imply that <a href="https://www.smartkarma.com/entities/132" target="_blank" data-smartkarma-citation="entities:132">Ck Hutchison Holdings Ltd</a>  (Hutch)'s proposed UK telecoms merger with O2 is close to an announcement.  Negotiations have been continuing with the EC and potential MVNOs on remedies and with <a href="https://www.smartkarma.com/entities/22204" target="_blank" data-smartkarma-citation="entities:22204">Vodafone Group PLC</a> (Vodafone) and <a href="https://www.smartkarma.com/entities/21854" target="_blank" data-smartkarma-citation="entities:21854">BT Group PLC</a> (BT) on network sharing.We view an early resolution as plausible. DG COMP could reach a decision well before a technical deadline (currently set at 19th May for this review). Our view is that 19th May is too…

The increase in news stories this week may imply that Ck Hutchison Holdings Ltd  (Hutch)'s proposed UK telecoms merger with O2 is close to an announcement.  Negotiations have been continuing with the EC and potential MVNOs on remedies and with Vodafone Group PLC (Vodafone) and BT Group PLC (BT) on network sharing.We view an early resolution as plausible. DG COMP could reach a decision well before a technical deadline (currently set at 19th May for this review). Our view is that 19th May is too…

CK Hutchison's European Deals Hang in the Balance

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

Herfindahl index may provide clues to which deals are approved; regardless of outcomes, we prefer Telefonica.<ul><li class="p1">While the EU regulator's non-approval of Telenor's and TeliaSonera's proposed merger of their Danish operations increases the risk that wireless consolidation to three operators from four will be frowned upon, we don't think all future deals are dead.</li><li class="p1">Looking at the previously approved deals in Austria, Ireland, and Germany with an overlay of the Herfindahl index provides insight into the potential approval of the currently proposed deals in the United Kingdom, Italy, and France.</li></ul>Analyst: Allan Nichols

Herfindahl index may provide clues to which deals are approved; regardless of outcomes, we prefer Telefonica.While the EU regulator's non-approval of Telenor's and TeliaSonera's proposed merger of their Danish operations increases the risk that wireless consolidation to three operators from four will be frowned upon, we don't think all future deals are dead.Looking at the previously approved deals in Austria, Ireland, and Germany with an overlay of the Herfindahl index provides insight into the potential approval of the currently proposed deals in the United Kingdom, Italy, and France.Analyst: Allan Nichols

EU Regulatory Changes Make Telecom M&A More Difficult

United Kingdom

BT Group is a British multinational telecommunications holding company offering fixed-line, broadband, mobile, and subscription television services, alongside IT and network services. It provides a range of products including mobile plans, fixed broadband, TV and home services, wholesale network access, enterprise connectivity, voice, and security solutions. The company is headquartered in London, England, and its origins date back to the founding of the Electric Telegraph Company in 1846.

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BT Group (BT/A LN)

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

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

CK Hutchison's European Deals Hang in the Balance

The increase in news stories this week may imply that Ck Hutchison Holdings Ltd (Hutch)'s proposed UK telecoms merger with O2 is close to an...

New Street Research

EU Regulatory Changes Make Telecom M&A More Difficult

Herfindahl index may provide clues to which deals are approved; regardless of outcomes, we prefer Telefonica. While the EU regulator's non-approval...

Morningstar, Inc.

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