Research

Quick OpenAI/ChatGPT Ad Stack Update: Custom Audiences are rolling out

Starlink 100,000 satellite filing – what does it mean?

Portugal spectrum renewal proposal – some good news for the incumbents (finally)

US Towers – What does SpaceX mean really? The math says not much actually.

EM Tower Trends - Q1 CY26 review: Slightly Slower Tower Trends, Upgrade Helios Towers pt to 240p

Jio Platforms – IPO finally here; deep dive and valuation

Introduction to OpenAI Ads: Everything Everywhere All At Once

Taiwan Field Trip, 20-24 July 2026

Eolo: What we learn from the buyout?

Brightspeed – Strategic buyer valuation analysis

Cellnex: Buying opportunity on satellite weakness

ChatGPT Users & Engagement: 2 billion users in our 2030 Base Case

Tesla FSD: Inflection point looming

Liberty LA (Buy, TP: $12.2) - Feedback from call with CFO

Dutch fibre deep dive - Starlink impact & recent ACM Glaspoort/Delta decision

Global Telecoms Multiples 2026-07-03

Starlink in EM – Starlink risk to telcos in SE Asia

META: Are the AI ROIC Clouds clearing or dark ones approaching? (+ AWS and GCP read through)

Meta entering the cloud market. Our take.

Tesla 2Q26 Deliveries: US recovers and beats: early signs of an FSD-led inflection?