Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>AT&T’s $5.75 billion acquisition of Lumen Technologies’ Mass Markets fiber business is poised to be one of the most significant telecom deals in recent years.</li><li>Expected to close in the first half of 2026, the transaction will transfer approximately 1 million subscribers and 4 million fiber-enabled locations across 11 key states—including markets such as Denver, Seattle, Salt Lake City, Phoenix, and Minneapolis—into AT&T’s growing fiber footprint.</li><li>The move is part of a broader strategy by AT&T to double its fiber coverage to 60 million locations by 2030.</li></ul>

AT&T’s $5.75 billion acquisition of Lumen Technologies’ Mass Markets fiber business is poised to be one of the most significant telecom deals in recent years.Expected to close in the first half of 2026, the transaction will transfer approximately 1 million subscribers and 4 million fiber-enabled locations across 11 key states—including markets such as Denver, Seattle, Salt Lake City, Phoenix, and Minneapolis—into AT&T’s growing fiber footprint.The move is part of a broader strategy by AT&T to double its fiber coverage to 60 million locations by 2030.

AT&T Just Snatched the Deal of the Decade—Here’s Why The $5.75B Lumen Acquisition Could Reshape U.S. Fiber Access!