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?

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

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

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)

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

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

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