European Telecoms Has Best Outlook in 15 Years: Credit Suisse
2015-01-06 07:25:43.924 GMT
By Claudia Rach
(Bloomberg) -- Sector rev. will further recover as demand
for high speed data continues to drive demand for higher ARPU
fixed lines and bigger mobile data bundles, Credit Suisse says
in note.
* Credit Suisse: Mobile price erosion to continue to slow;
sees mobile sales to approach stability in 2016
* Says cannibalization of out-of-bundle revenues is
diminishing
* Sees more div. to increase in coming yrs as domestic
Ebitda outlook improves; cites Belgacom, BT, Deutsche
Telekom, KPN, NOS, Swisscom, Tele2, Telefonica, Vodafone
* Says most M&A to continue to focus on value-creating in-
market scale, rather than footprint expansion
* Prefers stocks with high exposure to Europe, namely BT,
Deutsche Telekom, KPN, Liberty Global, TEFD, Telekom
Austria and Vodafone
* Says European telco story likely to be the best
risk/reward across different regions of the global telco
sector this yr
* Says European telco story likely to be the best
risk/reward across different regions of the global telco
sector this yr</li></ul>
* NOTE: SXKP up 7.5% in 2014 vs SXXP up 4.4%
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To contact the reporter on this story:
Claudia Rach in Berlin at +49-30-70010-6219 or
crach1@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2015-01-06 07:25:43.924 GMT
By Claudia Rach
(Bloomberg) -- Sector rev. will further recover as demand
for high speed data continues to drive demand for higher ARPU
fixed lines and bigger mobile data bundles, Credit Suisse says
in note.
* Credit Suisse: Mobile price erosion to continue to slow;
sees mobile sales to approach stability in 2016
* Says cannibalization of out-of-bundle revenues is
diminishing
* Sees more div. to increase in coming yrs as domestic
Ebitda outlook improves; cites Belgacom, BT, Deutsche
Telekom, KPN, NOS, Swisscom, Tele2, Telefonica, Vodafone
* Says most M&A to continue to focus on value-creating in-
market scale, rather than footprint expansion
* Prefers stocks with high exposure to Europe, namely BT,
Deutsche Telekom, KPN, Liberty Global, TEFD, Telekom
Austria and Vodafone
* Says European telco story likely to be the best
risk/reward across different regions of the global telco
sector this yr
* Says European telco story likely to be the best
risk/reward across different regions of the global telco
sector this yr</li></ul>
* NOTE: SXKP up 7.5% in 2014 vs SXXP up 4.4%
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Claudia Rach in Berlin at +49-30-70010-6219 or
crach1@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net