This daily update covers significant M&A speculation, competitive pricing trends, and operational catalysts for European telecommunications companies including Gamma, Liberty Global, Vodafone, and French operators.
Key Takeaways
- 1.Gamma Communications remains significantly undervalued at current prices with a target value of 1,400p per share.
- 2.Virgin Media O2 (VMO2) faces increased competitive pressure in fixed broadband while leveraging new wholesale opportunities via Netomnia.
- 3.French telecom competition intensifies as Bouygues launches 5G promotional bundles ahead of the World Cup.
Table of Contents
- KEY EVENTS NEXT WEEK
- GAMMA COMMUNICATIONS
- LIBERTY GLOBAL
- VODAFONE
- FRENCH TELCOS / ORANGE
- FRENCH TELCOS
- KPN
- UK TEL
- Appendix 1
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Authors
Robert GrindleJohn KaridisKeval KhiroyaRoshan Ranjit
Securities
GAMALBTYAVODBT/AOrange
Themes
Telecom M&A and ConsolidationFibre Wholesale Competition
Regions
EuropeUnited KingdomFranceKenya