Research

• Global EM Telcos & Towers: Continuing strong – NSR GEM Top-10 September ‘25 Update

  September 1, 2025  —  Chris Hoare
• Vivo (Buy, TP BRL33, +10%) - Q2 25: Solid quarter, robust FCF

  July 29, 2025  —  Chris Hoare
• Global EM Telcos – M&A Cycle in-bound; buy the targets

  June 11, 2025  —  Chris Hoare
• Brazilian Telcos - Solid quarter, TIM price target to BRL24; Q1 25 review

  June 5, 2025  —  Chris Hoare
• Quarterly KPI database for the LatAm wireless and fixed markets (Q1 25)

  May 27, 2025  —  Chris Hoare

Events