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.

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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

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

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

Telecom Italia’s largest shareholder, Vivendi, is exploring a sale of Telecom Italia’s Brazilian unit, TIM Brasil, a Sao Paulo-based merger and aquisitions lawyer familiar with the situation told CTFN.

Telecom Italia’s largest shareholder, Vivendi, is exploring a sale of Telecom Italia’s Brazilian unit, TIM Brasil, a Sao Paulo-based merger and aquisitions lawyer familiar with the situation told CTFN.

Vivendi "Actively" Looking to Sell TIM Brasil

The planned fifty-fifty joint venture between Italy’s third and fourth largest mobile operators is facing close scrutiny from European Commission regulators, two lawyers familiar with the case told CTFN.

The planned fifty-fifty joint venture between Italy’s third and fourth largest mobile operators is facing close scrutiny from European Commission regulators, two lawyers familiar with the case told CTFN.

Third Party Interest in Frequencies Key to Wind/3 Italia Merger

The resignation of Telecom Italia CEO Marco Patuano is expected to speed up a number of deals that have been dragging on for a long time, an Italian telecoms lawyer familiar with the situation told CTFN.

The resignation of Telecom Italia CEO Marco Patuano is expected to speed up a number of deals that have been dragging on for a long time, an Italian telecoms lawyer familiar with the situation told CTFN.

Telecom Italia Board Reshuffle Accelerates Pending Deals

Italy

Telecom Italia S.p.A., through subsidiaries, offers fixed line and mobile telephone and data transmission services in Italy and abroad.  The Company offers local and long-distance telephone, satellite communications, Internet access, and teleconferencing services.

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Telecom Italia SPA (TIT IM)

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

Vivendi "Actively" Looking to Sell TIM Brasil

Telecom Italia’s largest shareholder, Vivendi, is exploring a sale of Telecom Italia’s Brazilian unit, TIM Brasil, a Sao Paulo-based merger and...

CTFN

Third Party Interest in Frequencies Key to Wind/3 Italia Merger

The planned fifty-fifty joint venture between Italy’s third and fourth largest mobile operators is facing close scrutiny from European Commission...

CTFN

Telecom Italia Board Reshuffle Accelerates Pending Deals

The resignation of Telecom Italia CEO Marco Patuano is expected to speed up a number of deals that have been dragging on for a long time, an...

CTFN

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