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

Thematic (Sector/Industry)

With markets trying to make sense of the election of President Trump, we have looked at the implications on the stocks we cover globally (the implications really are global).   There are two versions of Trump’s America: one in which he attempts to lead like a CEO, and one in which he attempts to rule like a demagogue.  We have no idea which one will come to pass (we really don’t) but the market implications of each are quite different.   In either case, with Trump promising $1tr in infrastructure…

With markets trying to make sense of the election of President Trump, we have looked at the implications on the stocks we cover globally (the implications really are global).   There are two versions of Trump’s America: one in which he attempts to lead like a CEO, and one in which he attempts to rule like a demagogue.  We have no idea which one will come to pass (we really don’t) but the market implications of each are quite different.   In either case, with Trump promising $1tr in infrastructure…

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

French media conglomerate Vivendi is currently entangled in a bitter legal dispute with Italian broadcasting giant Gruppo Mediaset, which is controlled by former prime minister Silvio Berlusconi.  However, a lawyer familiar with the situation told CTFN that the lawsuit filed by Mediaset against the Paris-based peer was a strategy to force Vivendi to negotiate a new deal with terms favorable to both parties.

French media conglomerate Vivendi is currently entangled in a bitter legal dispute with Italian broadcasting giant Gruppo Mediaset, which is controlled by former prime minister Silvio Berlusconi.  However, a lawyer familiar with the situation told CTFN that the lawsuit filed by Mediaset against the Paris-based peer was a strategy to force Vivendi to negotiate a new deal with terms favorable to both parties. 

Mediaset-Vivendi Deal Expected to Proceed Despite Legal Dispute

Former Italian incumbent, Telecom Italia, filed a market abuse complaint with the European Commission in July against e-distribuzione, formerly known as Enel Distribuzione, which manages 85% of the nation's electricity distribution network, a lawyer familiar with the situation told CTFN.

Former Italian incumbent, Telecom Italia, filed a market abuse complaint with the European Commission in July against e-distribuzione, formerly known as Enel Distribuzione, which manages 85% of the nation's electricity distribution network, a lawyer familiar with the situation told CTFN.

Telecom Italia Fights Enel at the European Commission

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

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

Telecom Italia-owned TIM Brasil is in preliminary discussions to sell its fiber networks and corporate business to a global private equity firm, a person close to the company told CTFN.  The source said that Telecom Italia’s largest shareholder, French media conglomerate Vivendi, wants to exit the country, in line with its current corporate strategy focused on content production and distribution.

Telecom Italia-owned TIM Brasil is in preliminary discussions to sell its fiber networks and corporate business to a global private equity firm, a person close to the company told CTFN.  The source said that Telecom Italia’s largest shareholder, French media conglomerate Vivendi, wants to exit the country, in line with its current corporate strategy focused on content production and distribution.

TIM Brasil in Early-Stage Talks to Divest Fixed Line Business

France

Vivendi SE provides culture, entertainment, media, and communication services. The Company specializes in audiovisual and cinema, communications, magazines, gaming, live performance, and distribution platform activities. Vivendi serves customers worldwide.

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Vivendi SE (VIV FP)

What Trump Means for Global Telcos

With markets trying to make sense of the election of President Trump, we have looked at the implications on the stocks we cover globally (the...

New Street Research

Mediaset-Vivendi Deal Expected to Proceed Despite Legal Dispute

French media conglomerate Vivendi is currently entangled in a bitter legal dispute with Italian broadcasting giant Gruppo Mediaset, which is...

CTFN

Telecom Italia Fights Enel at the European Commission

Former Italian incumbent, Telecom Italia, filed a market abuse complaint with the European Commission in July against e-distribuzione, formerly...

CTFN

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.

TIM Brasil in Early-Stage Talks to Divest Fixed Line Business

Telecom Italia-owned TIM Brasil is in preliminary discussions to sell its fiber networks and corporate business to a global private equity firm, a...

CTFN

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