Regulatory Risks Resurface to Lower Telecom Rates in Korea

SK Telecom's Focus on Profitability Is Bearing Fruit

Korean Telcos: Free Cash Flow Stability. KT Now Our Preferred Pick

Korean Wireless: Some Improvement Shown in 1Q16

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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

Korean operators delivered stable 4Q16 results that continue to signal a benign competitive landscape supportive of OpFCF generation and improved dividends. We remain broadly positive on the Korean telcos as we see competitive threats are relatively modest, capex under control, rising free cash flow and shareholder returns, and low valuations. Of course, this being Korea, it is important not to get too carried away, but there does seem to be value here. Highlights from 4Q: <ul><li>
Stable revenue growth:…</li></ul>

Korean operators delivered stable 4Q16 results that continue to signal a benign competitive landscape supportive of OpFCF generation and improved dividends. We remain broadly positive on the Korean telcos as we see competitive threats are relatively modest, capex under control, rising free cash flow and shareholder returns, and low valuations. Of course, this being Korea, it is important not to get too carried away, but there does seem to be value here. Highlights from 4Q: 
Stable revenue growth:…

Korean Telcos Show Good Cash Flow Growth and Rising Shareholder Returns. A Rare Thing Indeed.

KT Corp

Korean Telcos Show Good Cash Flow Growth and Rising Shareholder Returns. A Rare Thing Indeed.