Research

DE spectrum auction day 7 round up: Bidding value ramping up

SpaceX: Our perspective on valuation; initiating coverage with a $165 target price

PPC signs a fibre JV deal with Vodafone our take

Vodafone - Revisiting the group structure

DE spectrum auction day 6 round up: Steady as she goes, demand remains solid

TMUS 2Q preview: Minor changes to the model

Vodafone for TalkTalk? Our take

AWS-3 DE spectrum auction day 5 round up: Things getting spicier

SpaceX: An independent financial model

Bible 1Q26 - Hyperscale & Cloud: visibility improving; agentic AI drives CPU demand; supply constraints across the board.

Elite Materials (2383 TT): CCL Spec Migration Continues

LatAm Telcos Primer

Swisscom (Reduce): Can Italy offset for the lack of growth in Switzerland? No it can’t

MediaTek (2454 TT): T-P- WOOOOOO!!!

French M&A: Bouygues the best way to play French Telcos (now with synergy upside too)

OPTU: New long-term outlook seems aspirational, not realistic

Thai Telcos – Q1 26 review: Growth continues

Kinsus (3189 TT): AI Growth Improves, But Materials Remain The Constraint

Indian Mobile – Q4 FY26 review: Reduction in AGR dues for Vodafone Idea

French M&A: Finally a deal is announced - €21bn inc earn-out